Three Syndicated Credit Facilities Closed for TECO Energy, Inc.

On December 17, 2013, we represented TECO Energy, Inc. and its affiliates in three syndicated credit facilities that closed on that date. John Whitlock was the lead attorney, assisted by Randy Dorf.

• $200,000,000 5-year revolving credit facility for TECO Finance, Inc. guaranteed by TECO Energy, Inc. JPMorgan Chase Bank, N.A. as administrative agent. J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and Morgan Stanley Senior Funding, Inc. as joint lead arrangers and joint bookrunners, and Citibank, N.A. and Morgan Stanley Senior Funding, Inc. as syndication agents.
• $375,000,000 5-year revolving credit facility for Tampa Electric Company. Citibank as Administrative Agent. Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Morgan Stanley Senior Funding, Inc. as joint lead arrangers and joint bookrunners, and JPMorgan Chase Bank, N.A. and Morgan Stanley Senior Funding, Inc. as syndication agents.
• $125,000,000 5-year revolving credit facility for TECO Energy, Inc. as initial borrower, to be assumed by New Mexico Gas Company, Inc. upon the completion of the acquisition of New Mexico Gas Company, Inc.’s parent company by TECO Energy. JPMorgan Chase Bank, N.A. as administrative agent. J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and Morgan Stanley Senior Funding, Inc. as joint lead arrangers and joint bookrunners, and Citibank, N.A. and Morgan Stanley Senior Funding, Inc. as syndication agents.

TECO Energy is a holding company owning energy companies, including Tampa Electric Company, located in Tampa Florida.

Posted on December 17, 2013