Duke increases credit line to $3.2B - Consumer Finance Hub

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HOME :: RESEARCH :: CREDIT :: NEWS:: MAR 2008
Duke increases credit line to $3.2B

Duke Energy Corp. has increased its credit line with several banks to $3.2 billion from $2.65 billion. According to a filing with the Securities and Exchange Commission, Charlotte-based banks Wachovia Corp. (NYSE:WB) and Bank of America Corp. (NYSE:BAC) are two of the lenders. The new credit line increased the borrowing limits of Duke Energy Ohio and Duke Energy Indiana to $750 million and $700 million, respectively. According to the filing, the amendment will "increase the financial flexibility of Duke Energy and its utility subsidiaries."

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