Louisville Gas borrows remaining $100 million on term loan facility

By Sarah Lizee

Olympia, Wash., Jan. 16 – Louisville Gas and Electric Co. borrowed the remaining $100 million available under its existing $200 million term loan credit facility with U.S. Bank, NA as administrative agent on Jan. 11, according to an 8-K filed with the Securities and Exchange Commission.

The portion of the loan bears interest at a variable monthly rate, with an initial rate of 2.05%. The facility matures in October 2019.

Proceeds from the borrowings were used to repay short-term debt and for other general corporate purposes.

The regulated electric and natural gas utility is based in Louisville, Ky.

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