Piedmont Natural Gas lifts term loan to $350 million, extends to 2019

By Wendy Van Sickle

Columbus, Ohio, Sept. 19 – Piedmont Natural Gas Co., Inc. amended its term loan credit agreement on Sept. 13 to increase commitments to $350 million and extend the maturity date to Sept. 12, 2019, according to an 8-K filing with the Securities and Exchange Commission.

U.S. Bank is administrative agent, and PNC Bank, NA, Bank of New York Mellon and KeyBank, NA are the co-documentation agents.

Proceeds will be used for general corporate purposes.

Piedmont is a Charlotte, N.C.-based natural gas distributor.

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