Dominion Resources amends, extends $3.5 billion credit facilities

By Aleesia Forni

Columbus, Ohio, Oct. 3 - Dominion Resources Inc. amended both its $3 billion three-year revolving credit facility and its $500 million three-year revolver, according to an 8-K filed with the Securities and Exchange Commission on Saturday.

Both facilities were extended to Sept. 24, 2016.

Pricing for both facilities was amended and now ranges from Libor plus 90 basis points to 147.5 bps, depending on the company's debt rating.

Facility fees for both revolvers range from 10 bps to 27.5 bps.

JPMorgan Chase Bank NA is administrative agent for the $3 billion revolver, while KeyBank NA is administrative agent for the $500 million revolver.

Dominion is a Richmond, Va.-based energy production and transportation company.

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