SOUTHERN CALIFORNIA EDISON Co (SCE-PN): debt financing — SCE enters $1.5B term loan facility, repays $300M prior loan

SOUTHERN CALIFORNIA EDISON Co

Up to $1.5B term loan, matures March 22, 2027; interest at SOFR+1.00% or base rate+0.0%.
Proceeds used for general corporate purposes and to repay all borrowings under $300M prior term loan.
Financial covenant: consolidated total indebtedness to consolidated capital ratio ≤ 0.65:1.0.
Prior $300M term loan (due March 11, 2027) terminated without early termination penalties.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

SOUTHERN CALIFORNIA EDISON Co incurred term loan of $1.5 billion with Wells Fargo Bank, National Association at term SOFR plus a margin of 1.00% or a base rate plus a margin of 0.0% maturing March 22, 2027.

Instrument: term loan
Principal: $1.5 billion
Counterparty: Wells Fargo Bank, National Association
Rate: term SOFR plus a margin of 1.00% or a base rate plus a margin of 0.0%
Maturity: March 22, 2027
Event: incurrence

Exact text from the filing

The Term Loan Agreement provides for up to $1.5 billion in term loans that mature on March 22, 2027.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SOUTHERN CALIFORNIA EDISON Co entered into Term Loan Agreement with Wells Fargo Bank, National Association, as Administrative Agent, and the several banks and other financial institutions from time to time parties thereto valued at $1.5 billion (effective 2026-02-20).

Action: entry
Agreement: credit facility
Counterparty: Wells Fargo Bank, National Association, as Administrative Agent, and the several banks and other financial institutions from time to time parties thereto
Value: $1.5 billion
Effective: 2026-02-20

Exact text from the filing

On February 20, 2026, Southern California Edison Company (“SCE”) entered into a Term Loan Credit Agreement (the “Term Loan Agreement”) with Wells Fargo Bank, National Association (“Wells Fargo”), as Administrative Agent and the several banks and other financial institutions from time to time parties thereto.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SOUTHERN CALIFORNIA EDISON Co terminated Prior Term Loan Agreement with Wells Fargo (effective 2026-02-20).

Action: termination
Agreement: credit facility
Counterparty: Wells Fargo
Effective: 2026-02-20

Exact text from the filing

On February 20, 2026, concurrently with the execution of the Term Loan Agreement described in Item 1.01 above, SCE terminated the Prior Term Loan Agreement, which was due to mature on March 11, 2027.

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Source: SEC EDGAR

accession 0000092103-26-000007

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