EDISON INTERNATIONAL (NYSE:EIX) Files An 8-K Entry into a Material Definitive AgreementItem 1.01
Entry into a Material Definitive Agreement
On January 26, 2018, Edison International entered into a Term Loan Credit Agreement ("Agreement") and borrowed the maximum amount available under the Agreement. The Agreement provides for a $500 million term loan due on January 25, 2019. The term loan may be prepaid in whole or in part without any premium or penalty. Edison International expects to use the proceeds for general corporate purposes.
Certain of the investment banking firms that are a party to the Agreement or their affiliates have in the past performed, and may in the future from time to time perform, investment banking, financial advisory, lending and/or commercial banking services for Edison International and certain of its subsidiaries and affiliates, for which service they have in the past received, and may in the future receive, customary compensation and reimbursement of expenses.
The foregoing description is qualified in its entirety by reference to the full text of the Agreement, filed as Exhibit 10.1 hereto and incorporated by reference herein.
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Item 2.03 |
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant |
See Item 1.01 above.
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Item 9.01 |
Financial Statements and Exhibits |
(d)Exhibits
EDISON INTERNATIONAL ExhibitEX-10.1 2 exhibit101eix2018termloan.htm EXHIBIT 10.1 TERM LOAN CREDIT AGREEMENT,…To view the full exhibit click here
About EDISON INTERNATIONAL (NYSE:EIX)
Edison International is the parent holding company of Southern California Edison Company (SCE). SCE is engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area of southern California. It is also the parent company of subsidiaries that are engaged in competitive businesses focused on providing energy services to commercial and industrial customers, including distributed resources, engaging in transmission opportunities, and exploring distributed water treatment and recycling. Its transmission and substation projects include Tehachapi, West of Devers and Mesa Substation. The Tehachapi Project consists of electric transmission lines and substations between eastern Kern County and San Bernardino County. The West of Devers Project upgrades SCE’s existing West of Devers transmission line system by replacing a portion of the existing 220 kilovolt transmission lines and structures with higher-capacity transmission lines and structures.
