Exelon and subsidiaries extend revolvers to 2017, change pricing

By Angela McDaniels

Tacoma, Wash., Aug. 13 - Exelon Corp., Exelon Generation Co., LLC, PECO Energy Co. and Baltimore Gas and Electric Co. amended their revolving credit facilities on Friday, extending the maturity of each facility to Aug. 10, 2017 and changing the interest rates.

The amendments changed the margin over Libor for each facility to a range of 90 basis points to 165 basis points and the facility fee to a range of 10 bps to 35 bps. The exact interest rates and facility fees depend on the borrower's ratings, according to an 8-K filing with the Securities and Exchange Commission.

Royal Bank of Scotland plc is the administration agent for the Baltimore Gas and Electric revolver, and JPMorgan Chase Bank, NA is the administration agent for the other revolvers.

Additionally, Exelon (as successor to Constellation Energy Group, Inc.) entered into an amendment to the amended and restated credit agreement dated March 12, 2012 that changed the maturity date to Dec. 31, 2012.

Exelon is an energy provider based in Chicago.

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