Edison International Enters Term Loan Credit Agreement with the Lenders
April 11, 2022
Source: MarketScreener
On April 8, 2022, Edison International entered into a Term Loan Credit Agreement with the lenders named therein and Wells Fargo Bank, National Association, as Administrative Agent. The Term Loan Agreement provides for a $600 million term loan that matures on April 7, 2023. The term loan may be prepaid in whole or in part without any premium or penalty. Edison International expects to use the proceeds of the term loan for general corporate purposes which may include the repayment of debt, including senior notes. The term loan bears interest at either an adjusted term SOFR plus a margin of 0.70% or a base rate with no applicable margin.
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