Loan & DebtJun 12, 2026, 07:51 AM
Fortis Inc. Amends Credit Agreement with Lenders
AI Summary
Fortis Inc. has executed a Fourth Amending Agreement to its Fourth Amended and Restated Credit Agreement, effective May 7, 2026. The amendment, involving multiple lenders including The Bank of Nova Scotia as Agent, modifies specific terms of the existing credit facility. Fortis Inc. confirmed no defaults are ongoing and an extension fee is due upon execution of the amendment.
Key Highlights
- Fortis Inc. entered into a Fourth Amending Agreement to its Fourth Amended and Restated Credit Agreement.
- The amendment was made as of May 7, 2026, with various lenders including The Bank of Nova Scotia as Agent.
- The agreement amends certain provisions of the Existing Credit Agreement.
- The Borrower represents that no Default has occurred and is continuing as of the amendment date.
- An extension fee of 3.5 basis points per annum on each Lender's Individual Commitment is payable upon execution.
Price Impact
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