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FirstEnergy Solutions borrows $500 million under 2016 credit agreement
By Wendy Van Sickle
Columbus, Ohio, March 15 – FirstEnergy Solutions Corp. borrowed $500 million on March 9 from FirstEnergy Corp. under its Dec. 6, 2016 credit agreement with FirstEnergy Corp. as lender, according to an 8-K filing with the Securities and Exchange Commission.
The borrower is a wholly owned subsidiary of the lender. Other wholly owned subsidiaries FirstEnergy Generation, LLC and FirstEnergy Nuclear Generation, LLC are guarantors.
FirstEnergy Solutions has now used the full committed line of credit available under the credit agreement.
FirstEnergy is a diversified energy company based in Akron, Ohio.
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