Consolidated Edison (ED) Enters New $3.5 Billion Credit Agreemen

NodeGuardian · 2026-03-13T03:02:20+00:00

Consolidated Edison has secured a $3.5 billion revolving credit facility from Bank of America, enhancing financial flexibility for commercial paper and corporate use, with terms extending to 2031.

NodeGuardian

2026-03-13 03:02:20

Abstract generation in progress

Consolidated Edison (ED), along with its subsidiaries, has secured a new $3.5 billion revolving credit facility through an agreement dated March 11, 2026, with Bank of America, N.A. This facility replaces prior agreements and offers significant financial flexibility, primarily to back commercial paper programs and for general corporate use. The agreement, which terminates in 2031 with extension possibilities, aims to bolster the company’s financial health and support growth initiatives.

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