Connecticut Light closes $300 million of five-year revolving loans

By Susanna Moon

Chicago, March 29 – Connecticut Light and Power Co. may draw from up to $300 million of revolving loans at any one time under a five-year credit agreement.

The company closed the unsecured revolving loan agreement Monday with Union Bank, NA as administrative agent, according to an 8-K filing with the Securities and Exchange Commission.

The facility expires on March 26, 2017 and provides for up to two one-year extensions.

The subsidiary of Northeast Utilities is based in Berlin, Conn.

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