Extension Agreement to Credit Agreement, dated as of March 27, 2024, among Con Edison, CECONY, O&R, the lenders party thereto and Bank of America, N.A., as Administrative Agent

Contract Categories: Business Finance - Credit Agreements
EX-10.2 3 d804453dex102.htm EX-10.2 EX-10.2

Exhibit 10.2

EXTENSION AGREEMENT

 

Bank of America, N.A.
as Administrative Agent
under the Credit Agreement
referred to below

   

Ladies and Gentlemen:

The undersigned hereby agree to extend, effective March 27, 2024, the Termination Date under the Credit Agreement dated as of March 27, 2023 (as further amended from time to time, the “Credit Agreement”) among Consolidated Edison Company of New York, Inc., Consolidated Edison, Inc. Orange and Rockland Utilities, Inc., the Lenders party thereto and Bank of America, N.A., as Administrative Agent, for one year to March 27, 2029, and by their acceptance hereof, the Borrowers hereby confirm that the conditions set forth in Section 2.19(b)(i) and (ii) of the Credit Agreement are satisfied as to such extension. Terms defined in the Credit Agreement are used herein with the same meaning.

By executing this Extension Agreement, the undersigned Lenders (which constitute the Required Lenders under the Credit Agreement) also agree to waive the requirement in Section 2.19(a) of the Credit Agreement requiring (a) the extension contemplated herein to be requested no earlier than on or after the first anniversary of the Effective Date (such request date, the “Extension Request Date”), and (b) not less than 30 days written notice to be provided to the Administrative Agent following the Extension Request Date before the extension contemplated herein can take effect.

This Extension Agreement shall be construed in accordance with and governed by the law of the State of New York.

 
Agreed and accepted:
CONSOLIDATED EDISON COMPANY OF
NEW YORK, INC.
By:  

/s/ Yukari Saegusa

Name:   Yukari Saegusa
Title:   Vice President and Treasurer
CONSOLIDATED EDISON, INC.
By:  

/s/ Yukari Saegusa

Name:   Yukari Saegusa
Title:   Vice President and Treasurer
ORANGE AND ROCKLAND UTILITIES,
INC.  
By:  

/s/ Yukari Saegusa

Name:   Yukari Saegusa
Title:   Vice President and Treasurer

 

[Signature Page to Extension Agreement]

BANK OF AMERICA, N.A.,
as Administrative Agent

By:  

/s/ Kelly Weaver

  Name:   Kelly Weaver
  Title:   Vice President

BANK OF AMERICA, N.A.,
as Lender

By:  

/s/ Jacqueline G. Margetis

  Name:   Jacqueline G. Margetis
  Title:   Director

 

[Signature Page to Extension Agreement]

Barclays Bank PLC, as Lender
By:  

/s/ Sydney G. Dennis

  Name: Sydney G. Dennis
  Title:  Director

 

[Signature Page to Extension Agreement]

Citibank, N.A.,

as Lender

By:  

/s/ Richard Rivera

Name: Richard Rivera

Title: Vice President

 

[Signature Page to Extension Agreement]

JPMorgan Chase Bank, N.A.,
as Lender

By:  

/s/ Khawaja Tariq

Name: Khawaja Tariq

Title:  Vice President

 

[Signature Page to Extension Agreement]

Mizuho Bank, Ltd., as Lender
By:  

/s/ Edward Sacks

Name: Edward Sacks

Title:  Authorized Signatory

 

[Signature Page to Extension Agreement]

Wells Fargo Bank, National Association,
as Lender

By:  

/s/ Patrick Engel

  Name:   Patrick Engel
  Title:   Managing Director

 

[Signature Page to Extension Agreement]

KeyBank National Association, as Lender

 

By:  

/s/ Richard Gerling

  Name:   Richard Gerling
  Title:   Senior Vice President

 

[Signature Page to Extension Agreement]

Sumitomo Mitsui Banking Corporation,
as Lender

 

By:  

/s/ Alkesh Nanavaty

  Name:   Alkesh Nanavaty
  Title:   Executive Director

 

[Signature Page to Extension Agreement]

The Bank of New York Mellon, as Lender

 

By:  

/s/ John Park

  Name:   John Park
  Title:   Vice President

 

[Signature Page to Extension Agreement]

The Bank of Nova Scotia, as Lender

 

By:  

/s/ David Dewar

  Name:   David Dewar
  Title:   Director

 

[Signature Page to Extension Agreement]

Canadian Imperial Bank of Commerce, New York Branch,
as Lender

 

By:  

/s/ Amit Vasani

  Name:   Amit Vasani
  Title:   Managing Director

 

[Signature Page to Extension Agreement]

PNC BANK, NATIONAL ASSOCIATION, as Lender

 

By:  

/s/ Anna Bartholomew

  Name:   Anna Bartholomew
  Title:   Vice President

 

[Signature Page to Extension Agreement]

TD Bank, N.A., as Lender

 

By:  

/s/ Steve Levi

  Name:   Steve Levi
  Title:   Senior Vice President

 

[Signature Page to Extension Agreement]

U.S. Bank National Association, as Lender

 

By:  

/s/ John Prigge

  Name:   John Prigge
  Title:   Senior Vice President

 

[Signature Page to Extension Agreement]

The Northern Trust Company, as Lender

 

By:  

/s/ Andrew D. Holtz

  Name:   Andrew D. Holtz
  Title:   Senior Vice President

 

[Signature Page to Extension Agreement]