Chesapeake Utilities Corporation has recently amended its financial arrangements with a consortium of lenders. The company exercised a one-year extension option on its existing $250 million 364-day revolving credit facility under the Second Amended and Restated Credit Agreement. Initially set to mature on August 6, 2024, the new maturity date for this credit line is now August 4, 2026. The participating lenders include PNC Bank National Association, Citizens Bank N.A., Manufacturers and Traders Trust Company, Royal Bank of Canada, CoBank, ACB, and Barclays Bank PLC. This extension allows Chesapeake Utilities more financial flexibility while maintaining the same terms and conditions of the original agreement.
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