NFG amends credit facilities for $1.2B seller note to fund Vectren Ohio acquisition

NATIONAL FUEL GAS CO

On Oct 20, NFG agreed to acquire all equity of Vectren Energy Delivery of Ohio from CenterPoint Energy Resources.
Closing financing includes a $1.2 billion unsecured term loan seller note from CenterPoint.
Nov 6 amendments modify 'Consolidated Indebtedness' definitions to allow defeasance of the seller note under existing Term Loan and Credit Agreements.
JPMorgan Chase serves as administrative agent for both amended credit facilities.
The transaction is an acquisition of CenterPoint's Ohio natural gas local distribution company business.

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