Dominion Resources amends $500 million revolver, extends it to 2019

By Susanna Moon

Chicago, June 2 - Dominion Resources, Inc. entered into a $500 million five-year amended and restated revolving credit agreement, according to an 8-K filing with the Securities and Exchange Commission.

The company and wholly owned subsidiaries Virginia Electric and Power Co. and Dominion Gas Holdings, LLC amended and restated the agreement on Friday with Keybank NA as administrative agent and U.S. Bank NA as syndication agent. Keybank and U.S. Bank are the joint lead arrangers and joint bookrunners.

The amendments add Dominion Gas as a potential borrower, extend the maturity to April 24, 2019, change the interest rate to Libor plus 80 basis points to 147.5 bps and change the facility fees to 7.5 bps to 27.5 bps.

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

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