FILED PURSUANT TO RULE 424(b)(5)
REGISTRATION No. 333-223472
This preliminary prospectus supplement relates to an effective registration statement under the Securities Act of 1933, but is not complete and may be changed.
SUBJECT TO COMPLETION
PRELIMINARY PROSPECTUS SUPPLEMENT DATED FEBRUARY 18, 2020
PROSPECTUS SUPPLEMENT
(To Prospectus dated March 6, 2018)
$
FirstEnergy Corp.
$ % Notes, Series A, due
$ % Notes, Series B, due
$ % Notes, Series C, due
FirstEnergy Corp. is offering $ aggregate principal amount of % Notes, Series A, due , , which we refer to as the Series A Notes, $ aggregate principal amount of % Notes, Series B, due , , which we refer to as the Series B Notes, and $ aggregate principal amount of % Notes, Series C, due , , which we refer to as the Series C Notes and, together with the Series A Notes and the Series B Notes, as the Notes. The Notes will be our unsecured and unsubordinated obligations and will rank equally with all of our other existing and future unsecured and unsubordinated indebtedness.
Interest on the Notes will be payable semi-annually on and of each year, beginning on , , and at maturity. The Series A Notes will mature on , , the Series B Notes will mature on , and the Series C Notes will mature on , .
We may redeem some or all of the Notes from time to time prior to their maturity at the applicable redemption price more fully described in this prospectus supplement. The Notes do not provide for a sinking fund. For a more detailed description of the Notes, see “Description of the Notes” beginning on pageS-9.
Investing in our Notes involves risks. See “Risk Factors” in this prospectus supplement beginning on pageS-6 and in the documents incorporated by reference in this prospectus supplement and the accompanying prospectus dated March 6, 2018.
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| | Price to Public(1) | | | Underwriting Discount | | | Proceeds Before Expenses, to Us | |
Per Series A Note | | | | % | | | | % | | | | % |
Total | | | $ | | | | $ | | | | $ | |
Per Series B Note | | | | % | | | | % | | | | % |
Total | | | $ | | | | $ | | | | $ | |
Per Series C Note | | | | % | | | | % | | | | % |
Total | | | $ | | | | $ | | | | $ | |
(1) Plus accrued interest, if any, from , 2020, if settlement occurs after that date.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus supplement or prospectus is truthful or complete. Any representation to the contrary is a criminal offense.
The underwriters expect to deliver the Notes in book-entry form only through the facilities of the Depository Trust Company for the accounts of its participants, including Clearstream Banking, S.A., and Euroclear Bank S.A./N.V., as operator of Euroclear System, on or about , 2020.
Joint Book-Running Managers
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Barclays | | BofA Securities | | Citigroup | | J.P. Morgan | | Morgan Stanley |
| | | | | | | | | | |
Mizuho Securities | | PNC Capital Markets LLC | | RBC Capital Markets | | Santander | | Scotiabank | | SMBC Nikko |
Co-Managers
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CIBC Capital Markets | | KeyBanc Capital Markets | | MUFG | | TD Securities | | US Bancorp |
The date of this prospectus supplement is , 2020.