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WASHINGTON - Electricity and natural gas provider Pepco Holdings Inc. said Friday it entered a credit agreement for a combined $390 million with eight separate lenders.
Any debt under the deal will be unsecured and it is in effect until Nov. 6, 2009. It supports the company's existing $1.5 billion credit agreement, which is in effect until May 2012.
The lenders include Bank of America as the administrative agent and swingline lender, and Banc of America Securities, as sole lead arranger and sole book runner. Others include KeyBank National Association, JPMorgan Chase Bank, SunTrust Bank, The Bank of Nova Scotia, Morgan Stanley Bank, Credit Suisse, Cayman Islands Branch and Wachovia Bank, and National Association.
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