8-KOther Events

CONSOLIDATED EDISON INC 8-K Report (Jul 25, 2003)

Filed July 25, 2003For Securities:ED

Summary

Consolidated Edison, Inc. (ED) announced on July 22, 2003, a significant debt offering through an underwriting agreement with Citigroup Global Markets Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated. The company is selling $200 million aggregate principal amount of its 3.625% Debentures, Series 2003 A. This issuance is part of a larger shelf registration that allows for the sale of up to $775 million in unsecured debt securities, with a portion carried over from a previous registration statement. Investors should note that this filing primarily relates to the debt issuance and does not include detailed financial statements. The primary impact for investors is the company's ability to raise capital through debt financing.

Key Highlights

  • 1Consolidated Edison, Inc. entered into an underwriting agreement for a debt offering.
  • 2The company is issuing $200 million in aggregate principal amount of 3.625% Debentures, Series 2003 A.
  • 3The underwriters for this offering include Citigroup Global Markets Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated.
  • 4This debt issuance is part of a broader registered program for up to $775 million in unsecured debt securities.
  • 5The registration statement under which these debentures are being sold was declared effective on January 17, 2003.
  • 6This 8-K filing primarily serves to report the debt offering and related underwriting agreement.

Frequently Asked Questions

This 8-K filing is primarily to report a material event: Consolidated Edison, Inc.'s entry into an underwriting agreement for the sale of $200 million of its 3.625% Debentures, Series 2003 A.

The company is issuing $200 million in aggregate principal amount of its 3.625% Debentures, Series 2003 A.

The underwriters are Citigroup Global Markets Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, acting as representatives for the named underwriters.

No, this debt issuance is part of an existing shelf registration statement (No. 333-102005) declared effective on January 17, 2003, which allows for the sale of up to $775 million in unsecured debt securities.