Brief: Portland General Electric Entered Into An Unsecured Credit Agreement

Portland General Electric Co

15/11/2024 11:09

Nov 15 (Reuters) - Portland General Electric Co  POR.N :
    * PORTLAND GENERAL ELECTRIC CO - ENTERED INTO AN UNSECURED
CREDIT
AGREEMENT
    * PORTLAND GENERAL ELECTRIC CO - CREDIT AGREEMENT, WHICH
EXPIRES
ON NOVEMBER 17, 2025
    * PORTLAND GENERAL ELECTRIC CO - CREDIT AGREEMENT HAS
AGGREGATE
COMMITMENT OF $300 MILLION
    * PORTLAND GENERAL ELECTRIC CO - ON NOV 14, PGE OBTAINED
TERM LOAN
FROM LENDERS IN AGGREGATE PRINCIPAL OF $220 MILLION
    * PORTLAND GENERAL ELECTRIC- EXPECTS TO USE PORTION OF
PROCEEDS OF
TERM LOAN TO REPAY IN FULL EXISTING $80 MILLION FIRST MORTGAGE
BOND

Source text: https://tinyurl.com/2rr67dub
Further company coverage:  POR.N 

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