• Company completes cumulative total of $1 billion of equity content in 2021 financing plan

Edison International (NYSE: EIX) today announced the pricing of a public offering of 750 thousand shares of its 5.00% Series B Fixed-Rate Reset Cumulative Perpetual Preferred Stock. The transaction is expected to close on November 12, 2021, subject to customary closing conditions, and is expected to result in net proceeds of approximately $742 million.

This $750 million transaction follows from the company’s previous announcements that it would issue securities with up to $1 billion of equity content in 2021, to support its investment-grade ratings. This offering, together with the company’s $1.25 billion preferred stock offering in March 2021, completes Edison International’s 2021 financing plan.

Citigroup, Barclays; Credit Suisse; Mizuho Securities; BNY Mellon Capital Markets, LLC; SMBC Nikko; and Truist Securities are serving as joint book-running managers of the offering. Cabrera Capital Markets LLC; CastleOak Securities, L.P.; C.L. King & Associates; Guzman & Company; Mischler Financial Group, Inc.; and Tribal Capital Markets are acting as co-managers of the offering.

This offering is being made under an effective shelf registration statement filed with the U.S. Securities and Exchange Commission and only by means of a prospectus supplement for this offering and a related base prospectus. Copies of the prospectus supplement and accompanying prospectus related to the offering may be obtained by visiting EDGAR on the Securities and Exchange Commission’s website at www.sec.gov, or by contacting:

This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About Edison International

Edison International (NYSE: EIX) is one of the nation’s largest electric utility holding companies, providing clean and reliable energy and energy services through its independent companies. Headquartered in Rosemead, California, Edison International is the parent company of Southern California Edison Company, a utility that delivers electricity to 15 million people across Southern, Central and Coastal California. Edison International is also the parent company of Edison Energy, a global energy advisory company delivering comprehensive, data-driven energy solutions to commercial and industrial users to meet their cost, sustainability and risk goals.

Safe Harbor Statement for Investors

Statements contained in this press release about expectations of capital spending and financing, and other statements that do not directly relate to a historical or current fact, are forward-looking statements. In this press release, the words "expects," "will" and variations of such words and similar expressions, or discussions of strategy, plans or actions, are intended to identify forward-looking statements. Such statements reflect our current expectations; however, such statements necessarily involve risks and uncertainties. Actual results could differ materially from current expectations. Other important factors are discussed in Edison International’s Form 10-K and other reports filed with the Securities and Exchange Commission, which are available on our website: edisoninvestor.com. Edison International has no obligation to publicly update or revise any forward-looking statements, whether due to new information, future events or otherwise.

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