SOUTHERN CALIFORNIA EDISON Co 8-K

What Happened
Southern California Edison Company (SCE) filed an 8-K on February 11, 2026 reporting that it entered into a Term Loan Credit Agreement with Wells Fargo Bank, N.A. as Administrative Agent and a group of banks and financial institutions. The facility provides up to $300 million in term loans that mature on March 11, 2027 and may be prepaid at any time without premium or penalty. SCE said it expects to use proceeds for general corporate and working capital purposes, which may include repayment of debt.

Key Details

• Facility size: up to $300 million in term loans.
• Maturity: March 11, 2027.
• Interest: either term SOFR + 1.00% or a base rate + 0.0%.
• Covenant: SCE must maintain consolidated total indebtedness to consolidated capital ≤ 0.65 to 1.0 at each quarter end.
• Prepayment: loans may be prepaid in whole or in part at any time without penalty.
• Agent / lenders: Wells Fargo Bank, N.A. is Administrative Agent; participating lenders include banks that already lend to SCE and to parent Edison International (participants in SCE’s $3.35B revolving facility and Edison International’s $1.5B revolver).

Why It Matters
This agreement gives SCE near-term committed liquidity (up to $300M) through March 2027 and flexibility to manage working capital or repay debt. The one financial covenant constrains leverage (debt-to-capital ≤ 0.65), which is a specific metric investors can watch each quarter. Because the lender group overlaps with SCE’s existing credit providers, this is an extension of existing banking relationships rather than a new creditor base.