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2 Vectren subsidiaries borrow $175M under term loan facilities
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Vectren Utility Holdings Inc. withdrew $50 million and Vectren Capital Corp. withdrew $125 million under their respective term loan facilities for general corporate purposes.
After the borrowings, Vectren Utility has utilized all the funds under its $300 million term loan facility, while Vectren Capital has $25 million left under its facility that it can borrow until March 31, 2019.
Vectren Utility and Vectren Capital are subsidiaries of Vectren Corp.