CONSOLIDATED EDISON INC (ED): debt financing — Con Edison subsidiary CECONY enters $500M 364-day revolving credit facility

CONSOLIDATED EDISON INC

CECONY secured a $500M unsecured revolving credit facility maturing March 23, 2026.
Facility replaces a prior 364-day credit agreement that expired on March 24, 2025.
Borrowings will support CECONY's commercial paper program and general corporate purposes.
Interest rates and fees are variable, reflecting CECONY's credit rating.
Covenants require debt-to-capital ratio not exceed 0.65:1 and limit liens on assets.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CONSOLIDATED EDISON INC incurred revolving credit of up to $500 million with Bank of America, N.A., as Administrative Agent at variable interest rates maturing March 23, 2026.

Instrument: revolving credit
Principal: up to $500 million
Counterparty: Bank of America, N.A., as Administrative Agent
Rate: variable interest rates
Maturity: March 23, 2026
Event: incurrence

Exact text from the filing

by reference to the Credit Agreement. Under the Credit Agreement, the Lenders committed to provide loans, on a revolving credit basis, to CECONY in an aggregate amount of up to $500 million. CECONY intends to use the Credit Agreement to support its commercial paper program. Loans issued under the Credit Agreement may also be used for other general corporate

View on SEC.gov

Browse all debt financings →

CONSOLIDATED EDISON INC filing history →

Source: SEC EDGAR

accession 0001193125-25-061392

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.