Oklahoma Gas & Electric extends $400 million revolver to 2018

By Angela McDaniels

Tacoma, Wash., June 25 – Oklahoma Gas & Electric Co. extended the maturity of its $400 million five-year revolving credit facility to Dec. 1, 2018 from Dec. 13, 2017, according to an 8-K filing with the Securities and Exchange Commission.

The extension became effective Tuesday.

The commitment of a single lender, however, was not extended. Unless that lender is replaced, its $34.8 million portion of the revolver will continue to mature Dec. 13, 2017.

On July 29, 2013, the company extended the revolver to Dec. 13, 2017 from Dec. 13, 2016. It has no more extension options left.

The electric utility is based in Oklahoma City.

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