Monday, July 18, 2005

Empire District Electric enters into credit agreement

Empire District Electric entered into a five-year unsecured credit agreement with UMB Friday, providing the availability of $150 million worth of revolving loans for "working capital, general corporate purposes and to back up the company's use of commercial paper," according to a filing today with the Securities and Exchange Commission.
The agreement replaces a $100 million unsecured credit agreement, which has been terminated, according to the filing.

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