National Fuel Gas Company entered into an Amended and Restated Credit Agreement on March 27, 2026, establishing a $1.3 billion unsecured revolving credit facility maturing on March 27, 2031, with interest rates and fees tied to the company's credit ratings.
Key takeaways
Entered into a $1.3 billion unsecured revolving credit facility on March 27, 2026.
The credit facility has a maturity date of March 27, 2031.
Interest rates vary based on credit ratings: Term SOFR loans have a margin of 1.00% to 1.525%, Daily Simple SOFR loans have a margin of 1.00% to 1.525%, and Alternate Base Rate loans have a margin of 0.00% to 0.525%.
Facility fee rate ranges from 0.125% to 0.225% annually, with the current rate at 0.175% based on existing credit ratings.
Contains a covenant limiting the debt to capitalization ratio to 0.65 at the end of any fiscal quarter.
Includes a cross-default provision triggered by payment failures of $125.0 million or more under other borrowing arrangements.