Gas Natural Inc. (EGAS) announced Thursday that its subsidiary, Energy West Incorporated, renewed its existing $30 million revolving credit facility and entered into a new $10 million term loan through April 2017 with Bank of America.
The revolving credit facility includes an annual commitment fee ranging from 25 to 45 basis points of the unused portion of the facility and interest on the amounts outstanding at LIBOR plus 175 to 225 basis points.
The term loan includes an interest rate of LIBOR plus 175 to 225 basis points with an interest rate swap provision that allows for the interest rate to be fixed in the future.
The term loan also carries an amortization of principal provision of $125,000 per quarter with the first principal payment being due December 31, 2012.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.