EDISON INTERNATIONAL 8-K

What Happened
Edison International announced on December 23, 2025 that it entered into a Term Loan Credit Agreement providing for a $900 million term loan that matures on December 22, 2026. Wells Fargo Bank, National Association is the Administrative Agent, and the company expects to use the proceeds for general corporate and working capital purposes, which may include repayment of debt.

Key Details

• Loan amount: $900 million; maturity date: December 22, 2026.
• Interest rate: either adjusted term SOFR + 1.25% or a base rate + 0.25%.
• Prepayment: may be prepaid in whole or in part at any time without premium or penalty.
• Financial covenant: consolidated total recourse indebtedness / consolidated capital must not exceed 0.70 to 1.0 at quarter end.

Why It Matters
This filing notifies investors that Edison International has secured short-term committed financing that can be used for working capital or to repay other debt. The loan’s one-year maturity and a defined leverage covenant are material to the company’s near-term liquidity and capital structure. Investors should note the cost of the debt (SOFR- or base-rate-based spreads), the lack of prepayment penalty, and the leverage covenant when assessing the company’s credit flexibility and near-term financing plans.