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Dominion Energy secures $500M term loan

Dominion Energy Inc. on June 14 entered into a $500 million term loan credit agreement that will expire on June 13, 2019.

The primary lender is TD Bank NA, which is providing $275 million. Branch Banking & Trust, Keybank National Association and PNC Bank NA will each provide $75 million. The obligations under the agreement are unsecured, according to a June 15 filing. Proceeds from the agreement will be used for general corporate purposes, including repayment of debt.

Toronto Dominion (Texas) LLC served as administrative agent, while TD Securities (USA) LLC acted as lead arranger and bookrunner.