Consolidated Edison, Inc. (NYSE:ED) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01
Entry into a Material Definitive Agreement.
On April 1, 2019, Consolidated Edison, Inc. (“Con Edison”) and its subsidiaries Consolidated Edison Company of New York, Inc. (“Con Edison of New York”) and Orange and Rockland Utilities, Inc. (“O&R,” and along with Con Edison and Con Edison of New York, collectively, the “Companies”) entered into an Extension Agreement and First Amendment to Credit Agreement, effective April 1, 2019, (the “Amendment)” with respect to the $2.25 billion Credit Agreement, dated as of December 7, 2016, among the Companies, the lenders party thereto and Bank of America, N.A., as Administrative Agent (the “Credit Agreement”). The Amendment extends the termination date from December 7, 2022 to December 7, 2023 with respect to lenders with aggregate commitments under the Credit Agreement of $2.2 billion and amends the Credit Agreement to, among other things, add or amend certain definitions and include a provision with respect to a LIBOR successor rate. A copy of the Amendment is included as an exhibit to this report, and this description of the Amendment is qualified in its entirety by reference to the Amendment.
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Item 1.01 |
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
The information set forth in Item 1.01 above is incorporated herein by reference.
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Item 1.01 |
Financial Statements and Exhibits. |
(d) Exhibits
CONSOLIDATED EDISON CO OF NEW YORK INC Exhibit
EX-10 2 exhibit100.htm EXHIBIT 10 Exhibit Exhibit 10Execution VersionEXTENSION AGREEMENT AND FIRST AMENDMENT TO CREDIT AGREEMENTEXTENSION AGREEMENT AND FIRST AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) dated as of April 1,…
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About Consolidated Edison, Inc. (NYSE:ED)
Consolidated Edison, Inc. (Con Edison) is a holding company. The Company operates through its subsidiaries, which include Consolidated Edison Company of New York, Inc. (CECONY), Orange and Rockland Utilities, Inc. (O&R) and Con Edison Transmission, Inc. It owns competitive energy businesses. The Company also owns Con Edison Transmission, Inc. (Con Edison Transmission), which invests in electric and gas transmission projects through its subsidiaries, Consolidated Edison Transmission, LLC (CET Electric) and Con Edison Gas Midstream, LLC (CET Gas). CECONY is a provider of electricity, natural gas and steam to customers in New York City and Westchester County. O&R delivers electricity and natural gas to customers located in south-eastern New York, northern New Jersey and north eastern Pennsylvania. Con Edison provides energy-related products and services to wholesale and retail customers, and develops, owns and operates renewable and energy infrastructure projects.
