OGE Energy gets $550m credit line
OGE Energy Corp has arranged two new revolving credit facilities totaling $550 million with a 16-bank group led by Wachovia Securities and JP Morgan Securities. The facilities replace $400 million of existing credit lines due to expire this year.
The companies plan to use the credit for general corporate purposes, back-up for commercial paper programmes and issuing letters of credit.
OGE Corp is the parent company of OG&E, a regulated electric utility, and of Enogex, a natural
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