Consolidated Edison Secures $500 Million 364-Day Term Loan from Bank Consortium

Reuters11-25

Consolidated Edison Secures $500 Million 364-Day Term Loan from Bank Consortium

Consolidated Edison Company of New York, Inc. (CECONY), a subsidiary of Consolidated Edison Inc., has entered into a new $500 million 364-day senior unsecured term loan credit agreement with a group of lenders. The agreement, dated November 24, 2025, names 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. CECONY has drawn the full amount under the agreement to repay a portion of an existing unsecured term loan facility due in November 2025. The credit agreement includes customary covenants and events of default, such as maintaining a debt-to-capital ratio not exceeding 0.65 to 1 and limits on asset encumbrances. CECONY also has the option to prepay the loan prior to maturity.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Consolidated Edison Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-292287), on November 24, 2025, and is solely responsible for the information contained therein.

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(CECONY), a subsidiary of Consolidated Edison Inc., has entered into a new $500 million 364-day senior unsecured term loan credit agreement with a group of lenders. The agreement, dated November 24, 2025, names 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. CECONY has drawn the full amount under the agreement to repay a portion of an existing unsecured term loan facility due in November 2025. The credit agreement includes customary covenants and events of default, such as maintaining a debt-to-capital ratio not exceeding 0.65 to 1 and limits on asset encumbrances. CECONY also has the option to prepay the loan prior to maturity.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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