TXU lines up $2.5 billion of new credit facilities

Three subsidiaries of Dallas-based energy company TXU have refinanced $2.25 billion of bank facilities scheduled to mature in 2005.

TXU said that the new facilities will be used for working capital, letters of credit, and other general corporate purposes.

The new facilities will be filed with the Securities and Exchange Commission in a Form 8-K in the upcoming week. The existing facilities were terminated with the closing of the new facilities.

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