Shearman And Sterling

News Apr 06, 2020

Consolidated Edison $750 Million Revolving Credit Facility

Shearman & Sterling advised Consolidated Edison, as borrower, on an $750 million revolving credit facility agented by Bank of America, N.A. to finance general corporate purposes.

Consolidated Edison, Inc., through its subsidiaries, engages in regulated electric, gas, and steam delivery businesses in the United States. The company offers electric services to approximately 3.5 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,589 customers in parts of Manhattan.

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