---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-080603"
form_type: "8-K"
ticker: "ED"
cik: "0001047862"
company_name: "CONSOLIDATED EDISON INC"
filed_at: "2023-03-27T23:59:59+00:00"
generated_at: "2026-06-17T14:16:58.993871+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Con Edison enters $2.5B revolving credit facility, replaces 2016 agreement

## Summary
- New $2.5B revolving credit facility with Bank of America as agent, maturing March 27, 2028, with extension options.
- CECONY can access full $2.5B; Con Edison up to $800M (expandable to $1B); O&R up to $250M; includes $900M LC sublimit.
- Separate $500M 364-day revolving credit facility for CECONY alone, maturing March 25, 2024.
- Facilities support commercial paper programs and may be used for general corporate purposes.
- Interest rates and fees reflect each borrower's credit rating; facility replaces Dec 2016 credit agreement.

## SEC filing metadata
- accession: 0001193125-23-080603
- form_type: 8-K
- ticker: ED
- cik: 0001047862
- company_name: CONSOLIDATED EDISON INC
- filed_at: 2023-03-27T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1047862/000119312523080603/0001193125-23-080603-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/23632/000119312523080603/d480897d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-080603
- JSON: https://secwatch.observer/filing/0001193125-23-080603.json
- Plain text: https://secwatch.observer/filing/0001193125-23-080603.txt

## Key facts
- Debt Financings
  CONSOLIDATED EDISON INC incurred revolving credit of up to $2.5 billion with Bank of America, N.A. maturing March 27, 2028.
  - Instrument: revolving credit
  - Principal: up to $2.5 billion
  - Counterparty: Bank of America, N.A.
  - Maturity: March 27, 2028
  - Event: incurrence
  source text: Under the Credit Agreement, the Lenders committed to provide loans and letters of credit, on a revolving credit basis, in an aggregate amount of up to $2.5 billion of credit available, with the full amount available to CECONY, $800 million available to Con Edison (subject to increase up to $1 billion) and $250 million available to O&R, including up to $900 million of letters of credit.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1047862/000119312523080603/0001193125-23-080603-index.htm
- Debt Financings
  CONSOLIDATED EDISON INC incurred revolving credit of up to $500 million with Bank of America, N.A. maturing March 25, 2024.
  - Instrument: revolving credit
  - Principal: up to $500 million
  - Counterparty: Bank of America, N.A.
  - Maturity: March 25, 2024
  - Event: incurrence
  source text: Under the CECONY 364-Day Credit Agreement, the 364-Day Lenders committed to provide a loan, on a revolving credit basis, in an aggregate amount of up to $500 million to CECONY.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1047862/000119312523080603/0001193125-23-080603-index.htm
- Material Agreements
  CONSOLIDATED EDISON INC entered into CECONY 364-Day Credit Agreement with Bank of America, N.A. (as Administrative Agent), the 364-Day Lenders valued at $500 million (effective 2023-03-27).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A. (as Administrative Agent), the 364-Day Lenders
  - Value: $500 million
  - Effective: 2023-03-27
  source text: On March 27, 2023, CECONY entered into a 364-Day Revolving Credit Agreement, dated as of March 27, 2023 (the “CECONY 364-Day Credit Agreement”), among CECONY, the lenders party thereto (the “364-Day Lenders”) and Bank of America, N.A., as Administrative Agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1047862/000119312523080603/0001193125-23-080603-index.htm
- Material Agreements
  CONSOLIDATED EDISON INC terminated Credit Agreement, dated as of December 7, 2016 with Bank of America, N.A. (as Administrative Agent), the lenders party thereto (effective 2023-03-27).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A. (as Administrative Agent), the lenders party thereto
  - Effective: 2023-03-27
  source text: The Credit Agreement terminates the Credit Agreement, dated as of December 7, 2016, among the Companies, the lenders party thereto and Bank of America, N.A., as Administrative Agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1047862/000119312523080603/0001193125-23-080603-index.htm
- Material Agreements
  CONSOLIDATED EDISON INC entered into Credit Agreement with Bank of America, N.A. (as Administrative Agent), the lenders party thereto valued at $2.5 billion (effective 2023-03-27).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A. (as Administrative Agent), the lenders party thereto
  - Value: $2.5 billion
  - Effective: 2023-03-27
  source text: On March 27, 2023, Consolidated Edison, Inc. (“Con Edison”) and its subsidiaries Consolidated Edison Company of New York, Inc. (“CECONY”) and Orange and Rockland Utilities, Inc. (“O&R,” and along with Con Edison and CECONY, each a “Company” and collectively, the “Companies”) entered into a Credit Agreement, dated as of March 27, 2023, (the “Credit Agreement”) among the Companies, the lenders party thereto (the “Lenders”) and Bank of America, N.A., as Administrative Agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1047862/000119312523080603/0001193125-23-080603-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.