Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Exelon Corp. > News item |
Exelon gets $123 million credit facility with 33 community banks
By Toni Weeks
San Diego, Oct. 22 - Exelon Corp. arranged a $123 million credit agreement with 33 community and minority-owned banks in Illinois, Pennsylvania, Maryland and New Jersey, according to a press release.
The agreement lifts the company's existing credit agreement by $5 million and adds new lenders Industrial Bank, Harbor Bank of Maryland and Wilmington Savings.
United Bank of Philadelphia, Seaway Bank and Trust Co., Riverside Community Bank and Harbor Bank of Maryland are the four lead arrangers.
Exelon's minority and community banking program, now in its 10th year, was launched in 2003 with a $36 million credit facility from eight community banks. JPMorgan Chase Bank, NA has been the administrative agent since inception.
Exelon is an energy provider based in Chicago.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.