VIRGINIA ELECTRIC & POWER CO·8-K

Apr 8, 3:49 PM ET

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VIRGINIA ELECTRIC & POWER CO 8-K

Research Summary

AI-generated summary

Updated

Virginia Electric & Power Co Extends Revolving Credit Facility to 2031

What Happened
Virginia Electric and Power Company filed an 8-K on April 8, 2026 announcing that lenders consented to extend the maturity date of the Sixth Amended and Restated Revolving Credit Agreement (the Core Revolving Credit Agreement) to April 8, 2031. The extension was granted to the borrowers under the facility: Dominion Energy, Inc., Virginia Electric and Power Company and Dominion Energy South Carolina, Inc., with JPMorgan Chase Bank, N.A. serving as administrative agent.

Key Details

  • Effective date of the lender consent: April 8, 2026.
  • Agreement referenced: Sixth Amended and Restated Revolving Credit Agreement dated April 8, 2025 (the Core Revolving Credit Agreement).
  • New maturity date of the credit facility: April 8, 2031.
  • Administrative agent: JP Morgan Chase Bank, N.A.; borrowers include Dominion Energy, Inc., Virginia Electric and Power Company and Dominion Energy South Carolina, Inc.

Why It Matters
Extending the maturity of the core revolving credit agreement through 2031 gives the company and its affiliates continued access to a committed credit backstop and reduces near-term refinancing pressure. For investors, this is a liquidity and financing-related development — it signals lender support for the company’s credit facility terms and can affect short-term funding flexibility and planning.

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