Aquila completes $330m refinancing and pays off $430m loan
Kansas City-based energy company Aquila has made further moves to reduce its debt with two new 364-day unsecured financings: a $110 million revolving credit facility and a $220 million term loan facility. The company borrowed the full amount under the term loan but did not immediately draw on the revolving facility.
Aquila had said at the end of August it was planning to retire the existing credit line and set up two new financings. The company expects the moves to reduce its outstanding debt by
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