debt
confidence high
sentiment neutral
materiality 0.35
Exelon and subsidiaries enter $4.0B in amended revolving credit facilities
EXELON CORP
- Exelon Corp. entered $900M five-year revolver with JPMorgan Chase Bank as administrative agent.
- ComEd entered $1.0B five-year revolver to back commercial paper and letters of credit.
- PECO and BGE each entered $600M five-year revolvers for similar backup purposes.
- PHI Utilities (Pepco, DPL, ACE) entered $900M five-year revolver.
- Facilities include consolidated capitalization ratio covenants (0.675:1 for Exelon, 0.65:1 for others) and one-year extension options.