Summary
Duke Energy Corporation (DUK) announced on April 12, 2010, the execution of a new four-year, $200 million Credit Agreement, effective April 7, 2010. This facility involves Duke Energy Corporation and its subsidiary, Duke Energy Carolinas, LLC, as borrowers. The credit facility is designed to support general corporate purposes, including capital expenditures, providing the company with financial flexibility. The agreement outlines initial borrowing sublimits of $100 million for Duke Energy Corporation and $200 million for Duke Energy Carolinas, LLC, with Branch Banking and Trust Company serving as the Administrative Agent.
Key Highlights
- 1Duke Energy entered into a new $200 million, four-year Credit Agreement on April 7, 2010.
- 2The agreement involves Duke Energy Corporation and its subsidiary, Duke Energy Carolinas, LLC, as borrowers.
- 3Funds from the credit facility are intended for general corporate purposes, including capital expenditures.
- 4Duke Energy Corporation has an initial borrowing sublimit of $100 million.
- 5Duke Energy Carolinas, LLC has an initial borrowing sublimit of $200 million.
- 6Branch Banking and Trust Company is the Administrative Agent for the credit facility.
- 7The filing was made on April 12, 2010, and the event date was April 6, 2010.