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Duke Energy, subsidiaries extend $6B credit facility by 2 years

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Duke Energy, subsidiaries extend $6B credit facility by 2 years

Duke Energy Corp. and its regulated utility subsidiaries entered into an amendment March 18 to extend the termination date of their $6 billion credit facility by two years to March 16, 2024.

The company, together with subsidiaries Duke Energy Carolinas LLC, Duke Energy Florida LLC, Duke Energy Indiana LLC, Duke Energy Kentucky Inc., Duke Energy Ohio Inc., Duke Energy Progress LLC and Piedmont Natural Gas Co. Inc., will use proceeds from the agreement for general corporate purposes including liquidity support for commercial paper and acquisitions.

Wells Fargo Bank NA is serving as administrative agent and swingline lender.