Daily News: January 30, 2018

Citibank Agents $500MM Facility for Edison


Edison International entered into a term loan credit agreement and borrowed the maximum amount available under said agreement.

According to a related 8-K filing, the agreement provides for a $500 million term loan due on January 25, 2019. The term loan may be prepaid in whole or in part without any premium or penalty. Edison International expects to use the proceeds for general corporate purposes.

Citibank served as administrative agent for the transaction. Citibank, Mizuho, U.S. Bank, TD Bank and Wells Fargo were joint lead arrangers and joint bookrunners.