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South Jersey Industries amends credit agreement to extend term

South Jersey Industries Inc. on Sept. 6 entered into an amendment to extend its unsecured $50 million, 364-day revolving credit agreement.

The amendment, which had already been extended, would push the credit agreement's term from Sept. 7, 2019, to Sept. 6, 2020, unless terminated earlier, according to a Sept. 12 filing.

Morgan Stanley Bank NA acted as the current sole lender and Morgan Stanley Senior Funding Inc. acted as the administrative agent.

South Jersey Industries is a gas utility company that delivers energy services through three main subsidiaries.