Brief: MGE Energy says Amends Credit Agreements Entered In 2015

MGE Energy

13/02/2019 16:39

Feb 13 (Reuters) - MGE Energy Inc  MGEE.O :
    * AMENDED AND RESTATED EXISTING CREDIT AGREEMENTS ENTERED IN
2015
PRINCIPALLY TO EXTEND THE MATURITY DATE TO FEBRUARY 7, 2024.
    * MAY BORROW FUNDS ON REVOLVING CREDIT BASIS, MAY REQUEST
LETTERS
OF CREDIT, ALL IN A MAXIMUM AMOUNT OUTSTANDING NOT TO EXCEED $50
MILLION
    * MGEE MAY REQUEST UP TO TWO ONE-YEAR EXTENSIONS OF TERM
    * MGEE CAN REQUEST INCREASES IN AGGREGATE COMMITMENTS UP TO
AN
ADDITIONAL $25 MILLION

Source text: https://bit.ly/2DxLd9A
Further company coverage:  MGEE.O 

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