Duke Energy Florida signs for $800 million credit agreement due 2024

Chicago, Oct. 21 – Duke Energy Florida, LLC entered into an $800 million term loan credit agreement on Friday with Truist Bank as administrative agent, according to an 8-K filing with the Securities and Exchange Commission.

Interest will be at SOFR plus 75 basis points, with a 0% SOFR floor.

The maturity date is April 21, 2024.

Truist Securities, Inc., Mizuho Bank, Ltd. and TD Bank, NA are the joint lead arrangers and Truist Securities, Inc. was the sole bookrunner.

Proceeds will be used for general corporate purposes.

The energy company is based in St. Petersburg, Fla.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.