secwatch.observer — SEC 8-K summary
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Issuer:     CONSOLIDATED EDISON INC (ED)
CIK:        0001047862
Form:       8-K
Filed at:   2023-03-27T23:59:59+00:00
Accession:  0001193125-23-080603
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1047862/000119312523080603/0001193125-23-080603-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23632/000119312523080603/d480897d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-080603

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