Edison International amended its credit facility with its lender group, increasing the revolving credit facility from $1.25 billion to $1.5 billion. Southern California Edison (SCE) increased its revolver from $2.75 billion to $3 billion.
According to a related 8-K filing, JPMorgan served as administrative agent for the both transactions. Citibank, MUFG, Wells Fargo, Barclays Bank, Mizuho and U.S. Bank were also co-syndication agents for both transactions.
Edison International credit agreement terminates on May 17, 2023, subject to extension. Both Edison International and SCE expect to use the revolving credit facility to support commercial paper borrowings and for general corporate purposes.