Vectren units draw combined $175 million under two term loans

By Wendy Van Sickle

Columbus, Ohio, Dec. 14 – Vectren Corp. subsidiary Vectren Utility Holdings, Inc. drew the remaining $50 million of its $300 million term loan executed on July 30, and its Vectren Capital, Corp. subsidiary drew $125 million from its $200 million term loan executed on Sept. 14, according to an 8-K filing with the Securities and Exchange Commission.

Both drawdowns took place on Friday.

Vectren Utility Holdings drew $250 million at closing of its two-year agreement and had until Dec. 31 to draw down the final $50 million.

Vectren Capital has remaining firm commitments on its term loan of $25 million that must be drawn before March 31.

Proceeds are to be used for general utility and general corporate purposes.

Vectren is an Evansville, Ind.-based energy holding company.

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