Chesapeake Utilities amends credit facility: SOFR replaces LIBOR, removes $150M investment cap

CHESAPEAKE UTILITIES CORP

Interest rates switch from LIBOR to SOFR plus 10bps credit spread adjustment.
Eliminated $150M cap on investments where company holds less than 50% ownership.
364-day facility gets reduced interest margin for sustainable investments; $50M green loan sublimit added.
Bank of America assigned its 364-day commitment to M&T Bank.

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