South Carolina Fuel terminates $500 million credit agreement

By Wendy Van Sickle

Columbus, Ohio, Feb. 8 – South Carolina Fuel Co., Inc. terminated on Feb. 5 its $500 million second amended and restated five-year credit agreement dated Dec. 17, 2015, with Wells Fargo Bank, NA as agent, according to an 8-K filing with the Securities and Exchange Commission.

The credit agreement had been available for general corporate purposes, but the company determined it no longer required the credit agreement to meet its financing needs, according to the filing.

Based in Columbia, S.C., the fuel company, acquires, owns and provides financing for South Carolina Electric & Gas Co.'s nuclear fuel, fossil fuel and sulfur dioxide emission allowances.

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