Integrys reduces credit agreement by $200 million due to acquisition

By Toni Weeks

San Luis Obispo, Calif., Nov. 18 – Integrys Energy Group, Inc. reduced the size of its $635 million unsecured credit agreement due June 13, 2017 by $200 million on Friday, according to an 8-K filing with the Securities and Exchange Commission.

The credit agreement was arranged with Bank of Tokyo-Mitsubishi UFJ, Ltd., Union Bank, NA, JPMorgan Chase Bank, NA, KeyBank NA, Mizuho Corporate Bank Ltd., Bank of Nova Scotia, U.S. Bank NA and J.P. Morgan Securities LLC on June 13, 2012.

The company said it plans to reduce the size of its existing revolving credit facilities over the next six months as contingent obligations are fully transferred to the buyer of Integrys’ retail energy business, Wisconsin Energy Corp., which completed the acquisition of Integrys on Nov. 1.

Integrys is a Chicago-based diversified energy holding company.

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