Exelon Expands Credit Agreements with Minority and Community Banks

Lawndale News Chicago's Bilingual Newspaper - BusinessAs part of its commitment to supporting diverse businesses in the communities it serves, Exelon has entered into new credit agreements totaling $118 million with 30 minority and community banks in the Chicago and Philadelphia areas and New Jersey. The amount of the agreements represents a more than 25 percent increase over Exelon’s 2010 arrangement for $94 million, which the new agreements replace.

The credit agreements provide Exelon and its subsidiary companies Exelon Generation, ComEd and PECO with additional sources of credit at competitive prices and added financial flexibility. They also deepen the companies’ relationships with minority and community banks in Exelon’s key markets. The lead arranger banks for the credit agreements are Seaway Bank and Trust Company in Chicago, Riverside Community Bank in Rockford, Ill., and United Bank of Philadelphia. JP Morgan Chase serves as the administrative agent.

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