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Duke Energy lifts sublimit to $3 billion, extends facility to 2018
By Marisa Wong
Madison, Wis., Dec. 23 - Duke Energy Corp. amended its $6 billion credit agreement dated Nov. 18, 2011 to increase the maximum borrowing sublimit to $3 billion from $2.25 billion and to extend the termination date of the facility by roughly one year to Dec. 18, 2018, according to an 8-K filing with the Securities and Exchange Commission.
The total amount available of $6 million has not changed, the filing noted.
Duke Energy entered into the amendment on Dec. 18 with wholly owned subsidiaries Duke Energy Carolinas, LLC, Duke Energy Florida, Inc., Duke Energy Indiana, Inc., Duke Energy Kentucky, Inc., Duke Energy Ohio, Inc. and Duke Energy Progress, Inc.
Wells Fargo Bank, NA is the administrative agent for the facility; Bank of America, NA and Royal Bank of Scotland plc are co-syndication agents; and Bank of China, New York Branch, Barclays Bank plc, Citibank, NA, Credit Suisse AG, Cayman Islands Branch, JPMorgan Chase Bank, NA, Bank of Tokyo-Mitsubishi UFJ, Ltd. and UBS Securities LLC are co-documentation agents.
The energy company is based in Charlotte, N.C.
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