Duke Energy gets $1.4 billion 364-day term loan, borrows full amount

By Rebecca Melvin

Concord, N.H., March 22 – Duke Energy Corp. entered into a $1.4 billion 364-day term loan credit agreement with the Bank of Nova Scotia as administrative agent, according to an 8-K filing with the Securities and Exchange Commission.

The company borrowed the full amount at the March 9 closing.

The maturity date may be extended for up to two years subject to the satisfaction of certain conditions.

The borrowings will be used to repay amounts drawn under the company’s May 15, 2019 term loan and for general corporate purposes, including repaying some of the company’s outstanding commercial paper.

The energy company is based in Charlotte, N.C.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.