CONSOLIDATED EDISON INC (ED): debt financing — CECONY enters $500M 364-day term loan to repay maturing facility

CONSOLIDATED EDISON INC

CECONY borrowed $500M on Nov 24, 2025 under a 364-day senior unsecured term loan credit agreement.
Proceeds used to repay a portion of CECONY's unsecured term loan facility due November 2025.
Covenant requires CECONY's ratio of consolidated debt to total capital not exceed 0.65:1.
Cross-default trigger on any material debt >$150M (other than non-recourse debt) can accelerate maturity.
U.S. Bank National Association serves as Administrative Agent; PNC Capital Markets as Joint Lead Arranger.

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 term loan of $500 million with U.S. Bank National Association as Administrative Agent and the lenders party thereto maturing 364-Day.

Instrument: term loan
Principal: $500 million
Counterparty: U.S. Bank National Association as Administrative Agent and the lenders party thereto
Maturity: 364-Day
Event: incurrence

Exact text from the filing

On November 24, 2025, Consolidated Edison Company of New York, Inc. (“CECONY”) entered into a $500 million 364-Day Senior Unsecured Term Loan Credit Agreement, dated as of November 24, 2025 (the “Credit Agreement”) among CECONY, as Borrower, the lenders party thereto (the “Lenders”), U.S. Bank National Association, as Administrative Agent and U.S. Bank National Association and PNC Capital Markets LLC, as Joint Lead Arrangers and Bookrunners. On November 24, 2025, CECONY borrowed the full amount under the Credit Agreement

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Source: SEC EDGAR

accession 0001193125-25-292287

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