Edison International Secures $900 Million Term Loan Maturing in 2026

Reuters2025-12-24
Edison International Secures $900 Million Term Loan Maturing in 2026

Edison International has entered into a new Term Loan Credit Agreement with a group of lenders and Wells Fargo Bank, National Association, as Administrative Agent. The agreement provides Edison International with a $900 million term loan maturing on December 22, 2026. The loan can be prepaid at any time without penalty and will be used for general corporate and working capital purposes, which may include debt repayment. The loan bears interest at either an adjusted term SOFR plus 1.25% or a base rate plus 0.25%. The agreement includes standard covenants and requires Edison International to maintain a consolidated total recourse indebtedness to consolidated capital ratio not exceeding 0.70 to 1.0 at the end of each quarter. The lenders involved have previously provided, and may continue to provide, various financial services to Edison International and its affiliates.

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