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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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FORM 8-K

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CURRENT REPORT

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Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

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Date of Report (Date of earliest event reported): November 7, 2022

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

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[ ☐ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

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[ ☐ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

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[ ☐ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

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[ ☐ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Securities registered pursuant to Section 12(b) of the Act:

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Edison International:

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Southern California Edison Company: None

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

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Item  1.01Entry into Material Definitive Agreements

On November 7, 2022, Edison International entered into a Term Loan Credit Agreement (the "Edison International Term Loan Agreement") with the lenders named therein and PNC Bank, National Association, as administrative agent. The Edison International Term Loan Agreement provides for a $400 million term loan that matures on November 6, 2023. The term loan may be prepaid in whole or in part without any premium or penalty.

Edison International expects to use the proceeds of the term loan for general corporate purposes. The term loan bears interest at either an adjusted term rate based on the secured overnight financing rate ("Adjusted Term SOFR") plus a margin of 0.95% or a base rate with no applicable margin. The Edison International Term Loan Agreement contains customary representations and warranties, covenants and events of default and has one financial covenant, requiring that Edison International maintain at the end of each quarter a ratio of consolidated total recourse indebtedness to consolidated capital at a level that does not exceed 0.70 to 1.0.

Also on November 7, 2022, Southern California Edison Company ("SCE") entered into a Term Loan Credit Agreement (the "SCE Term Loan Agreement" and together with the Edison International Term Loan Agreement, the "Term Loan Agreements") with the lenders named therein and Truist Bank, as administrative agent. The SCE Term Loan Agreement provides for a $600 million term loan that matures on May 7, 2024. The term loan may be prepaid in whole or in part without any premium or penalty.

SCE expects to use the proceeds of the term loan for general corporate purposes. The term loan bears interest at either Adjusted Term SOFR plus a margin of 0.90% or a base rate with no applicable margin. The SCE Term Loan Agreement contains customary representations and warranties, covenants and events of default and has one financial covenant, requiring that SCE maintain at the end of each quarter a ratio of consolidated total indebtedness to consolidated capital at a level that does not exceed 0.65 to 1.0.

The lenders that are a party to the Term Loan Agreements or their affiliates have in the past performed, and may in the future from time to time perform, investment banking, financial advisory, lending and/or commercial banking services for Edison International and/or SCE and certain of their respective subsidiaries and affiliates, for which service they have in the past received, and may in the future receive, customary compensation and reimbursement of expenses.

The foregoing descriptions are qualified in their entirety by reference to the full text of the Term Loan Agreements, filed as Exhibit 10.1 and 10.2 hereto and incorporated by reference herein.

Item  2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

See Item 1.01.

Item  9.01Financial Statements and Exhibits

See the Exhibit Index below.

EXHIBIT INDEX

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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Date: November 7, 2022

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Date: November 7, 2022

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