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New Jersey Resources extends termination date of $150M revolving credit facility

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New Jersey Resources extends termination date of $150M revolving credit facility

New Jersey Resources Corp. extended the termination date of its originally four-month, $150 million revolving line of credit facility with PNC Bank NA to July 13, from April 13, according to a March 30 SEC filing.

The gas utility entered into the agreement in December 2019. New Jersey Resources will use the proceeds for working capital or other general business purposes.

New Jersey Resources provides natural gas and clean energy services through its subsidiaries.