NYSE:NFGGas Utilities
Should National Fuel Gas’ New US$1.30 Billion Credit Facility Shape How NFG Investors View Its Balance Sheet?
National Fuel Gas Company recently entered into an amended and restated US$1.30 billion unsecured revolving credit facility with a consortium of major banks, extending its maturity to March 27, 2031, and refining interest terms and financial covenants.
This long-dated, covenant-linked credit line gives National Fuel Gas an additional tool to manage refinancing, working capital, and acquisition funding across its diversified energy operations.
We’ll now examine how this extended US$1.30...