Dominion, subsidiaries enter into $4 billion five-year amended revolver

By Tali Rackner

Norfolk, Va., May 19 - Dominion Resources, Inc. and wholly owned subsidiaries Virginia Electric and Power Co. and Dominion Gas Holdings, LLC entered into a $4 billion five-year amended and restated revolving credit agreement on Monday, according to an 8-K filing with the Securities and Exchange Commission release.

JPMorgan Chase Bank, NA is the administrative agent. J.P. Morgan Securities Inc., RBS Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Inc., Barclays Bank plc and Wells Fargo Securities, LLC are the joint lead arrangers and joint bookrunners. Royal Bank of Scotland plc, Bank of America, NA, Barclays and Wells Fargo Bank, NA are syndication agents.

This credit facility amends and restates the $3 billion three-year revolving credit agreement dated as of Sept. 24, 2010, previously entered into by Dominion and Virginia Power.

The amendment adds Dominion Gas as a potential borrower, increases the amount available to $4 billion from $3 billion and extends the maturity date to April 24, 2019.

The energy producer and transporter is based in Richmond, Va.

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