Consumers Energy gets $200 million letter-of-credit facility

By Sara Rosenberg

New York, Dec. 6 - Consumers Energy Co. closed on a new $200 million short-term letter-of-credit reimbursement agreement, according to an 8-K filed with the Securities and Exchange Commission Thursday.

Bank of Nova Scotia acted as the lead bank on the deal that was completed on Nov. 30.

The letters-of-credit drawn under this facility will be secured by first-mortgage bonds of the company.

Consumers is a Jackson, Mich.-based energy company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.