Shearman & Sterling advised Con Edison, as borrower, on an extension and amendment of its existing $2.25 billion revolving credit facility agented by Bank of America, N.A. to finance general corporate purposes. The amendment extends the maturity of the facility, amends certain definitions and adds a provision with respect to a LIBOR successor rate. 

Headquartered in New York, Con Edison, through its subsidiaries, engages in regulated electric, gas and steam delivery businesses in the United States.