Duke Energy Corporation (NYSE:DUK) recently announced a new $6 billion, five-year credit agreement.
Duke Energy will have immediate access to $4 billion under the credit agreement while $2 billion becomes available following the successful closing of Duke Energy’s proposed merger with Progress Energy Inc. (NYSE:PGN). The merger is expected to be completed by the end of fiscal 2011.
The credit agreement replaces the company’s existing credit facility of $3.14 billion and Progress Energy’s credit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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