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FINWIRES

Jersey Electricity Plc Amends US Notes Facility with New $150 Million Shelf Loan

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Jersey Electricity plc (JEL.L) said Monday it amended and supplemented its existing 30 million-pound-sterling US private placement notes agreement with PGIM.

The new deal includes a $150 million, five-year uncommitted shelf facility of either US dollar- or pound-denominated notes, with a maximum average life and maturity of up to 30 years.

The loan supports long-term funding flexibility and expands the electric utility's sources of capital, in line with its 180 million-pound, five-year capital investment program.

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