Dynegy extends revolving commitments, increases them by $45 million

By Tali Rackner

Norfolk, Va., Jan. 17 – Dynegy Inc. entered into an amendment to the revolving loan commitments under its credit agreement via administrative agent Credit Suisse AG, Cayman Islands Branch, according to an 8-K filing with the Securities and Exchange Commission.

Specifically, the Jan. 10 amendment extends the initial revolving loan maturity date to April 23, 2021 from April 23, 2018 and increases the tranche by $45 million.

In addition, the initial letter-of-credit commitments will be extended to the date that is five business days prior to the extended maturity date.

Dynegy is a Houston-based energy company.

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