secwatch.observer — SEC 8-K summary
======================================

Issuer:     CONSOLIDATED EDISON INC (ED)
CIK:        0001047862
Form:       8-K
Filed at:   2024-11-25T23:59:59+00:00
Accession:  0001193125-24-264743
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CECONY (Con Edison subsidiary) enters $700M credit facility, borrows $500M immediately
--------------------------------------------------------------------------------

- CECONY borrowed $500M on Nov 25, 2024 under a $700M 364-day delayed draw term loan.
- Remaining $200M available until Feb 23, 2025, subject to customary conditions; no credit rating maintenance.
- Proceeds used for general corporate purposes.
- Defaults include debt-to-capital ratio >0.65, liens >10% of net tangible assets, missed payments >$150M.
- Facility is senior unsecured; lenders include U.S. Bank and PNC Capital Markets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1047862/000119312524264743/0001193125-24-264743-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23632/000119312524264743/d920901d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-264743

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer