v3.25.2
Debt and Credit Agreements
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Debt and Credit Agreements
Note 5.  Debt and Credit Agreements
Long-Term Debt
During the six months ended June 30, 2025, SCE issued the following first and refunding mortgage bonds:
DescriptionMonth of IssuanceRateMaturity DateAmount
(in millions)
Series 2025AJanuary 20255.45%2035$850 
Series 2025BJanuary 20255.90%2055650 
Series 2025CMarch 20255.25%2030850 
Series 2025DMarch 20256.20%2055650 
Total$3,000 
The proceeds were used to repay commercial paper borrowings and for general corporate purposes.
In March 2025, Edison International Parent issued $550 million of 6.25% senior notes due in 2030. The proceeds were used to repay commercial paper and for general corporate purposes.
Credit Agreements and Short-Term Debt
The following table summarizes the status of the credit facilities at June 30, 2025:
(in millions, except for rates)
BorrowerTermination DateSecured Overnight Financing Rate ("SOFR") plus (bps)CommitmentOutstanding borrowingsOutstanding letters of creditAmount available
Edison International Parent1, 3
May 2029128 $1,500 $246 $— $1,254 
SCE2, 3
May 2029108 3,350 455 2 2,893 
Total Edison International$4,850 $701 $2 $4,147 
1At June 30, 2025, Edison International Parent had $245 million outstanding commercial paper, net of a $1 million discount, at a weighted-average interest rate of 4.74%.
2At June 30, 2025, SCE had $455 million outstanding commercial paper at a weighted-average interest rate of 4.67%.
3The aggregate maximum principal amount under the SCE and Edison International Parent revolving credit facilities may be increased up to $4.0 billion and $2.0 billion, respectively, provided that additional lender commitments are obtained. In May 2025, Edison International Parent and SCE amended their credit facilities to extend the maturity date to May 2029.
Uncommitted Letters of Credit
SCE entered into agreements with certain lenders for bilateral unsecured standby letters of credit ("SBLC") with a total capacity of $675 million that is uncommitted and supported by reimbursement agreements. The SBLCs are not subject to
any collateral or security requirements. At June 30, 2025, SCE had $90 million outstanding under these agreements, which expire between October 2025 and July 2026.