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AI brief of an SEC Form 8-K · Consolidated Edison (ED)

Con Edison unit CECONY signs $500 million 364-day revolving credit agreement

Neutral Impact 3 of 5 financing Written later

Consolidated Edison Company of New York (CECONY), a subsidiary of Consolidated Edison, entered a 364-day revolving credit agreement of up to $500 million with Bank of America as administrative agent, replacing a prior agreement that expired March 24, 2025. The facility will support CECONY's commercial paper program and general corporate purposes, with commitments ending March 23, 2026.

Key points

  • Facility size: up to $500 million, revolving credit from a group of lenders
  • Commitments terminate March 23, 2026; replaces a CECONY facility that expired March 24, 2025
  • Borrowings generally at variable rates; pricing reflects CECONY's credit rating
  • Covenant includes a debt-to-total-capital ratio not to exceed 0.65 to 1

The filing

CompanyConsolidated Edison (ED)
Form8-K, current report
Filed with the SECMar 24, 2025, 4:35 PM ET
Accession number0001193125-25-061392

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 24, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.