Aquila amends loan, extending revolver maturity date

By Sara Rosenberg

New York, Nov. 20 - Aquila Inc. amended its credit facility, extending the maturity of its $50 million revolver and letter-of-credit facility to Dec. 19, 2007 from Dec. 20, 2006, according to an 8-K filed with the Securities and Exchange Commission Monday.

The amendments also reduce the advance rate payable on the lenders' commitment to 1.07% from 2.50%.

The amendment was completed on Nov. 15 and will become effective on Dec. 20.

Aquila is a Kansas City, Mo.-based electric utility company.

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