CECONY’s $750 Million Debentures Offerings

Hunton Andrews Kurth advised the underwriters on the deal.

Consolidated Edison Company of New York, Inc. (“CECONY”) announced its offering of (i) $150 million aggregate principal amount of Debentures, Series 2021 A due 2031 (which offering constituted a reopening of CECONY’s Debentures, Series 2021 A issued in June 2021) and (ii) $600 million aggregate principal amount of Debentures, Series 2021 C due 2051. 

CECONY, a subsidiary of Consolidated Edison, Inc., provides electric service in all of New York City (except a part of Queens) and most of Westchester County, an approximately 660-square-mile service area with a population of more than nine million. CECONY also provides gas service in Manhattan, the Bronx, parts of Queens and most of Westchester County, in addition to steam service in parts of Manhattan.

The underwriters are: Barclays Capital Inc., Citigroup Global Markets Inc., Mizuho Securities USA LLC, BNY Mellon Capital Markets, LLC, SMBC Nikko Securities America, Inc., Morgan Stanley & Co. LLC, PNC Capital Markets LLC and Siebert Williams Shank & Co., LLC.

The Hunton Andrews Kurth team included Michael F. Fitzpatrick (Picture), S. Christina Kwon, Brendan P. Harney and Reuben H. Pearlman. Robert McNamara and Tim Strother provided tax advice.?

Involved fees earner: Michael Fitzpatrick Jr. – Hunton Andrews Kurth LLP; Brendan Harney – Hunton Andrews Kurth LLP; Christina Kwon – Hunton Andrews Kurth LLP; Robert McNamara – Hunton Andrews Kurth LLP; Reuben Pearlman – Hunton Andrews Kurth LLP; Tim Strother – Hunton Andrews Kurth LLP;

Law Firms: Hunton Andrews Kurth LLP;

Clients: Barclays Capital ; BNY Mellon Capital Markets; Citigroup Global Markets Ltd; Mizuho Securities; Morgan Stanley; PNC Capital Markets LLC; Siebert Williams Shank & Co. LLC; SMBC Nikko Securities America;

Martina Bellini

Author: Martina Bellini