Con Edison Files 8-K for Material Agreement
Ticker: ED · Form: 8-K · Filed: Nov 25, 2024 · CIK: 1047862
| Field | Detail |
|---|---|
| Company | Consolidated Edison Inc (ED) |
| Form Type | 8-K |
| Filed Date | Nov 25, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $700 million, $500 million, $200 m, $150 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation
Related Tickers: ED
TL;DR
ED is signing a big deal, details to follow.
AI Summary
Consolidated Edison Inc. (Con Edison) announced on November 25, 2024, that it entered into a material definitive agreement. This filing also indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. Specific details regarding the agreement and the financial obligations were not provided in this initial filing.
Why It Matters
This filing signals a significant new agreement or financial commitment for Con Edison, which could impact its future operations and financial standing.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement and financial obligations, which inherently carry some level of risk until more details are disclosed.
Key Players & Entities
- CONSOLIDATED EDISON INC (company) — Filer
- CONSOLIDATED EDISON CO OF NEW YORK INC (company) — Filer
- 20241125 (date) — Filing Date
FAQ
What is the nature of the material definitive agreement entered into by Con Edison?
The filing does not specify the nature of the material definitive agreement, only that one has been entered into.
What are the specific financial obligations created by this filing?
The filing indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but does not provide specific details.
When was this 8-K filing submitted?
This 8-K filing was submitted on November 25, 2024.
What are the Central Index Keys for the filers?
The Central Index Keys provided are 0001047862 for CONSOLIDATED EDISON INC and 0000023632 for CONSOLIDATED EDISON CO OF NEW YORK INC.
What is the SEC file number for Consolidated Edison Inc.?
The SEC file number for Consolidated Edison Inc. is 001-14514.
Filing Stats: 1,028 words · 4 min read · ~3 pages · Grade level 13.4 · Accepted 2024-11-25 08:31:34
Key Financial Figures
- $700 million — ew York, Inc. ("CECONY") entered into a $700 million 364-Day Senior Unsecured Delayed Draw T
- $500 million — . On November 25, 2024, CECONY borrowed $500 million under the Credit Agreement, the proceed
- $200 m — NY in an aggregate amount not to exceed $200 million, in addition to the $500 million
- $150 million — ial financial obligations (in excess of $150 million in aggregate of debt or derivative obli
Filing Documents
- d920901d8k.htm (8-K) — 40KB
- d920901dex10.htm (EX-10) — 465KB
- 0001193125-24-264743.txt ( ) — 752KB
- ed-20241125.xsd (EX-101.SCH) — 5KB
- ed-20241125_cal.xml (EX-101.CAL) — 1KB
- ed-20241125_def.xml (EX-101.DEF) — 12KB
- ed-20241125_lab.xml (EX-101.LAB) — 17KB
- ed-20241125_pre.xml (EX-101.PRE) — 12KB
- d920901d8k_htm.xml (XML) — 6KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit 10 $700 million 364-Day Senior Unsecured Delayed Draw Term Loan Credit Agreement, dated as of November 25, 2024, among CECONY, as Borrower, the lenders party thereto, 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 Exhibit 104 Cover Page Interactive Data File – The cover page iXBRL tags are embedded within the Inline XBRL document.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, each registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CONSOLIDATED EDISON, INC. CONSOLIDATED EDISON COMPANY OF NEW YORK, INC. By: /s/ Joseph Miller Joseph Miller Vice President, Controller and Chief Accounting Officer Date: November 25, 2024