--- schema_version: "secwatch.filing_event.v1" accession: "0001193125-24-079777" form_type: "8-K" ticker: "ED" cik: "0001047862" company_name: "CONSOLIDATED EDISON INC" filed_at: "2024-03-28T23:59:59+00:00" generated_at: "2026-06-04T05:42:25.973771+00:00" event_type: "debt" sentiment: "neutral" materiality_score: 0.35 calibrated_materiality_score: 0.35 confidence: "high" source: SEC EDGAR --- # CECONY enters $500M 364-day credit facility; extends $2.5B credit agreement to 2029 ## Summary - CECONY entered a $500M 364-day revolving credit agreement (March 25, 2024) replacing an expiring facility; used to support commercial paper program. - Con Edison, CECONY and O&R extended $2.5B credit agreement maturity from March 2028 to March 2029 via an extension agreement dated March 27, 2024. - A first amendment to the $2.5B credit agreement modifies interest rate mechanics for Term SOFR Loans. - No changes to financial covenants (debt to total capital cap of 0.65:1) or credit-rating-based pricing were disclosed. ## SEC filing metadata - accession: 0001193125-24-079777 - form_type: 8-K - ticker: ED - cik: 0001047862 - company_name: CONSOLIDATED EDISON INC - filed_at: 2024-03-28T23:59:59+00:00 - event_type: debt - sentiment: neutral - materiality_score: 0.35 - calibrated_materiality_score: 0.35 - confidence: high - sec_items: 1.01, 2.03, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1047862/000119312524079777/0001193125-24-079777-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/23632/000119312524079777/d804453d8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001193125-24-079777 - JSON: https://secwatch.observer/filing/0001193125-24-079777.json - Plain text: https://secwatch.observer/filing/0001193125-24-079777.txt ## Key facts - Debt Financings CONSOLIDATED EDISON INC incurred revolving credit of up to $500 million with Bank of America, N.A., as Administrative Agent maturing March 24, 2025. - Instrument: revolving credit - Principal: up to $500 million - Counterparty: Bank of America, N.A., as Administrative Agent - Maturity: March 24, 2025 - Event: incurrence source text: Under the CECONY 364-Day Credit Agreement, the 364-Day Lenders committed to provide loans, on a revolving credit basis, to CECONY in an aggregate amount of up to $500 million. evidence_url: https://www.sec.gov/Archives/edgar/data/1047862/000119312524079777/0001193125-24-079777-index.htm - Debt Financings CONSOLIDATED EDISON INC amended credit facility with Bank of America, N.A., as Administrative Agent at amends the mechanics relating to determining the interest rate to be paid with r. - Instrument: credit facility - Counterparty: Bank of America, N.A., as Administrative Agent - Rate: amends the mechanics relating to determining the interest rate to be paid with r - Event: amendment source text: On March 27, 2024, the Companies also entered into a First Amendment to Credit Agreement (the “Amendment”) that, among other things, amends the mechanics relating to determining the interest rate to be paid with respect to a Term SOFR Loan. evidence_url: https://www.sec.gov/Archives/edgar/data/1047862/000119312524079777/0001193125-24-079777-index.htm - Debt Financings CONSOLIDATED EDISON INC amended credit facility of $2.5 billion with Bank of America, N.A., as Administrative Agent maturing March 27, 2029. - Instrument: credit facility - Principal: $2.5 billion - Counterparty: Bank of America, N.A., as Administrative Agent - Maturity: March 27, 2029 - Event: amendment source text: Consolidated Edison, Inc. (“Con Edison”) and its subsidiaries CECONY and Orange and Rockland Utilities, Inc. (“O&R,” and along with Con Edison and CECONY, collectively, the “Companies”) entered into an Extension Agreement (the “Extension”) with respect to the $2.5 billion Credit Agreement, dated as of March 27, 2023, among the Companies, the lenders party thereto and Bank of America, N.A., as Administrative Agent (the “Credit Agreement”) that extends the termination date of the Credit Agreement from March 27, 2028 to March 27, 2029. evidence_url: https://www.sec.gov/Archives/edgar/data/1047862/000119312524079777/0001193125-24-079777-index.htm - Material Agreements CONSOLIDATED EDISON INC amended Extension with Consolidated Edison, Inc., CECONY, Orange and Rockland Utilities, Inc., the lenders party thereto and Bank of America, N.A., as Administrative Agent (effective 2024-03-27). - Action: amendment - Agreement: credit facility - Counterparty: Consolidated Edison, Inc., CECONY, Orange and Rockland Utilities, Inc., the lenders party thereto and Bank of America, N.A., as Administrative Agent - Effective: 2024-03-27 source text: On March 27, 2024, Consolidated Edison, Inc. (“Con Edison”) and its subsidiaries CECONY and Orange and Rockland Utilities, Inc. (“O&R,” and along with Con Edison and CECONY, collectively, the “Companies”) entered into an Extension Agreement (the “Extension”) with respect to the $2.5 billion Credit Agreement, dated as of March 27, 2023, among the Companies, the lenders party thereto and Bank of America, N.A., as Administrative Agent (the “Credit Agreement”) that extends the termination date of the Credit Agreement from March 27, 2028 to March 27, 2029. evidence_url: https://www.sec.gov/Archives/edgar/data/1047862/000119312524079777/0001193125-24-079777-index.htm - Material Agreements CONSOLIDATED EDISON INC entered into CECONY 364-Day Credit Agreement with the lenders party thereto and Bank of America, N.A., as Administrative Agent valued at up to $500 million (effective 2024-03-25). - Action: entry - Agreement: credit facility - Counterparty: the lenders party thereto and Bank of America, N.A., as Administrative Agent - Value: up to $500 million - Effective: 2024-03-25 source text: On March 25, 2024, Consolidated Edison Company of New York, Inc. (“CECONY”) entered into a 364-Day Revolving Credit Agreement, dated as of March 25, 2024 (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, that replaces a separate CECONY 364-Day Credit Agreement that expired on March 25, 2024. evidence_url: https://www.sec.gov/Archives/edgar/data/1047862/000119312524079777/0001193125-24-079777-index.htm - Material Agreements CONSOLIDATED EDISON INC amended First Amendment to Credit Agreement with Consolidated Edison, Inc., CECONY, Orange and Rockland Utilities, Inc., the lenders party thereto and Bank of America, N.A., as Administrative Agent (effective 2024-03-27). - Action: amendment - Agreement: credit facility - Counterparty: Consolidated Edison, Inc., CECONY, Orange and Rockland Utilities, Inc., the lenders party thereto and Bank of America, N.A., as Administrative Agent - Effective: 2024-03-27 source text: On March 27, 2024, the Companies also entered into a First Amendment to Credit Agreement (the “Amendment”) that, among other things, amends the mechanics relating to determining the interest rate to be paid with respect to a Term SOFR Loan. evidence_url: https://www.sec.gov/Archives/edgar/data/1047862/000119312524079777/0001193125-24-079777-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.