Business News
DPL Credit Line
TSC and IRIS Staff
11/29/06 - 09:30 AM EST
DPL(DPL) said Tuesday its Dayton Power & Light, unit entered into a new $220 million unsecured revolving credit facility.
The new agreement has a five year term and can be expanded by $50 million at any time, the company said.
The current agreement replaces the company's existing $100 million unsecured revolving credit facility. As of Sept. 30, there were no borrowings outstanding under the existing credit facility.
The bank group consists of KeyBank, JPMorgan Chase Bank and Fifth Third Bank, it added.