Reliant Energy Power Supply gets $300 million working capital facility

By Sara Rosenberg

New York, Sept. 25 - Reliant Energy Power Supply LLC closed on a new $300 million working capital facility, according to an 8-K filed with the Securities and Exchange Commission Monday.

Merrill Lynch Capital acted as the lead bank on the deal.

The facility, which closed on Sept. 24, carries an interest rate of Libor plus 45 basis points.

Reliant is a Houston-based provider of electricity and energy services to retail and wholesale customers.

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