Dominion Energy Updates and Expands Credit Facilities
Dominion Energy, Inc. has finalized significant updates to its credit arrangements. On April 8, 2025, the company, along with its subsidiaries Virginia Electric and Power Company and Dominion Energy South Carolina, Inc., entered into a $7 billion Sixth Amended and Restated Revolving Credit Agreement. JPMorgan Chase Bank serves as administrative agent, with several major financial institutions acting as syndication agents and joint lead arrangers.
This core facility, which replaces a prior agreement, will be used to support bank borrowings, commercial paper, and letters of credit. It will remain in effect until April 2030, with full access to funds subject to certain internal limits among the company and its co-borrowers.
Additionally, Dominion Energy amended its existing Sustainability Revolving Credit Agreement, extending its maturity to April 2028 and raising the commitment to $1 billion. The revised agreement also includes updated pricing provisions. The company continues to position itself for financial flexibility while maintaining its sustainability goals.
2025-04-10
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