AI English summary of an SEC filing — figures as filed
Consolidated Edison EDConsolidated Edison said on November 24, 2025 its subsidiary Consolidated Edison Company of New York, Inc. (CECONY) entered into a $500 million 364-Day Senior Unsecured Term Loan Credit Agreement.
Key points
AI summaryConsolidated Edison said on November 24, 2025 its subsidiary Consolidated Edison Company of New York, Inc. (CECONY) entered into a $500 million 364-Day Senior Unsecured Term Loan Credit Agreement.
The company said CECONY borrowed the full amount under the Credit Agreement on November 24, 2025, with the proceeds used to repay a portion of its unsecured term loan facility due November 2025.
Consolidated Edison said the borrower under the Credit Agreement is CECONY, with U.S. Bank National Association serving as Administrative Agent and U.S. Bank National Association and PNC Capital Markets LLC serving as Joint Lead Arrangers and Bookrunners. It added that CECONY has the option to prepay any term loans issued under the Credit Agreement prior to maturity.
The company said events of default under the Credit Agreement include failure to pay any principal and failure to pay any interest or fees within 5 days, and that CECONY's ratio of consolidated debt to consolidated total capital will not at any time exceed 0.65 to 1. It added that the threshold for material financial obligations in default, excluding non-recourse debt, is $150 million in aggregate.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Entry into $500 million 364-Day Senior Unsecured Term Loan Credit Agreement
Consolidated Edison said on November 24, 2025 its subsidiary Consolidated Edison Company of New York, Inc. (CECONY) entered into a $500 million 364-Day Senior Unsecured Term Loan Credit Agreement.
Source · Based on the filing body and exhibits
Full borrowing under Credit Agreement and repayment of portion of existing term loan facility
The company said CECONY borrowed the full amount under the Credit Agreement on November 24, 2025, with the proceeds used to repay a portion of its unsecured term loan facility due November 2025.
Source · Based on the filing body and exhibits
Credit Agreement parties and prepayment option
Consolidated Edison said the borrower under the Credit Agreement is CECONY, with U.S. Bank National Association serving as Administrative Agent and U.S. Bank National Association and PNC Capital Markets LLC serving as Joint Lead Arrangers and Bookrunners. It added that CECONY has the option to prepay any term loans issued under the Credit Agreement prior to maturity.
Source · Based on the filing body and exhibits
Events of default and financial covenants
The company said events of default under the Credit Agreement include failure to pay any principal and failure to pay any interest or fees within 5 days, and that CECONY's ratio of consolidated debt to consolidated total capital will not at any time exceed 0.65 to 1. It added that the threshold for material financial obligations in default, excluding non-recourse debt, is $150 million in aggregate.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
Loading the filing text…