EDISON INTERNATIONAL (EIX): debt financing — Edison International and SCE enter into $1B aggregate term loan facilities

EDISON INTERNATIONAL

Edison International (EIX) obtains $400M term loan due Nov 6, 2023.
SCE obtains $600M term loan due May 7, 2024.
EIX loan: Adjusted Term SOFR + 0.95% margin; SCE loan: Adjusted Term SOFR + 0.90% margin.
Covenants: EIX total recourse debt-to-capital ≤ 0.70; SCE total debt-to-capital ≤ 0.65.
Proceeds used for general corporate purposes.

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

EDISON INTERNATIONAL incurred term loan of $600 million with Truist Bank at Adjusted Term SOFR plus a margin of 0.90% or a base rate with no applicable marg maturing May 7, 2024.

Instrument: term loan
Principal: $600 million
Counterparty: Truist Bank
Rate: Adjusted Term SOFR plus a margin of 0.90% or a base rate with no applicable marg
Maturity: May 7, 2024
Event: incurrence

Exact text from the filing

The SCE Term Loan Agreement provides for a $600 million term loan that matures on May 7, 2024.

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

EDISON INTERNATIONAL incurred term loan of $400 million with PNC Bank, National Association at Adjusted Term SOFR plus a margin of 0.95% or a base rate with no applicable marg maturing November 6, 2023.

Instrument: term loan
Principal: $400 million
Counterparty: PNC Bank, National Association
Rate: Adjusted Term SOFR plus a margin of 0.95% or a base rate with no applicable marg
Maturity: November 6, 2023
Event: incurrence

Exact text from the filing

The Edison International Term Loan Agreement provides for a $400 million term loan that matures on November 6, 2023.

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10 debt financings filed in the last 30 days. Browse all debt financings →

EDISON INTERNATIONAL filing history →

Source: SEC EDGAR

accession 0000827052-22-000082

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