Locke Lord Team Represents Tampa Electric Company in Two Credit Facility Transactions

A Locke Lord team lead by John Whitlock (Boston) represented Tampa Electric Company in two short-term credit facility transactions. First, Tampa Electric completed a 364-day senior unsecured revolving credit facility with a total commitment of $200 million. The Bank of Nova Scotia serves as the initial lender, administrative agent, lead arranger, bookrunner, syndication agent and documentation agent. Second, Tampa Electric Company secured a 364-day syndicated senior unsecured revolving credit facility with a total commitment of $200 million. Wells Fargo serves as the administrative agent alongside other syndicated lenders including JP Morgan Chase, Morgan Stanley, Bank of America, MUFG Bank (Canada branch), Royal Bank of Canada, The Bank of Nova Scotia, Bank of Montreal, Canadian Imperial Bank of Commerce (New York branch), The Toronto-Dominion Bank and Truist Bank. Additional assistance was provided by Megan Foscaldi, Mason Marek (both of Boston), Barry Bendes (New York) and Tom Bohac (Chicago).
Posted on April 24, 2023