secwatch.observer — SEC 8-K summary
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Issuer:     CONSOLIDATED EDISON INC (ED)
CIK:        0001047862
Form:       8-K
Filed at:   2024-03-28T23:59:59+00:00
Accession:  0001193125-24-079777
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CECONY enters $500M 364-day credit facility; extends $2.5B credit agreement to 2029
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1047862/000119312524079777/0001193125-24-079777-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23632/000119312524079777/d804453d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-079777

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