Nicor Inc. has added a news release to its Investor Relations website.
Title: NICOR Completes Syndicated Revolving Credit FacilityDate: 10/19/2007 7:00:00 AM For a complete listing of our news releases, please click here
NAPERVILLE, Ill.--(BUSINESS WIRE)--Oct. 19, 2007--Nicor Inc.
(NYSE:GAS) today announced the establishment of a syndicated revolving
credit facility. The new facility is a $400 million, 210-day seasonal
revolver expiring in May 2008, available to Nicor Gas, the company's
gas distribution business. The new facility replaces a similar
revolver that expired in May 2007. In addition to the newly
established facility, the company has an existing $600 million, 5-year
revolver available to Nicor Inc. and Nicor Gas, which expires in
September 2010. The two facilities, totaling $1 billion, serve as
backup for the issuance of commercial paper, accommodating the
company's short-term borrowing needs.
The new facility included a total of 10 lenders and was arranged
by J.P. Morgan Securities Inc. and ABN AMRO Incorporated.
Nicor Inc. (NYSE: GAS) is a holding company and is a member of the
Standard & Poor's 500 Index. Its primary business is Nicor Gas, one of
the nation's largest natural gas distribution companies. Nicor owns
Tropical Shipping, a containerized shipping business serving the
Caribbean region and the Bahamas. In addition, the company owns and
has an equity interest in several energy-related businesses. For more
information, visit the Nicor Web site at www.nicor.com.
Caution Concerning Forward-Looking Statements
This document includes certain forward-looking statements about
the expectations of Nicor and its subsidiaries and affiliates.
Although Nicor believes these statements are based on reasonable
assumptions, actual results may vary materially from stated
expectations. Such forward-looking statements may be identified by the
use of forward-looking words or phrases such as "anticipate,"
"believe," "expect," "intend," "may," "planned," "potential,"
"should," "will," "would," "project," "estimate," "ultimate," or
similar phrases. Actual results may differ materially from those
indicated in the company's forward-looking statements due to the
direct or indirect effects of legal contingencies (including
litigation) and the resolution of those issues, including the effects
of an ICC review, and undue reliance should not be placed on such
statements.
Other factors that could cause materially different results
include, but are not limited to, weather conditions; natural
disasters; natural gas and other fuel prices; fair value accounting
adjustments; inventory valuation; health care costs; insurance costs
or recoveries; legal costs; borrowing needs; interest rates; credit
conditions; economic and market conditions; accidents, leaks,
equipment failures, service interruptions, environmental pollution,
and other operating risks; tourism and construction in the Bahamas and
Caribbean region; energy conservation; legislative and regulatory
actions; tax rulings or audit results; asset sales; significant
unplanned capital needs; future mercury-related charges or credits;
changes in accounting principles, interpretations, methods, judgments
or estimates; performance of major customers, transporters, suppliers
and contractors; labor relations; and acts of terrorism.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
release. Nicor undertakes no obligation to publicly release any
revision to these forward-looking statements to reflect events or
circumstances after the date of this release.
CONTACT: Nicor Inc.
Mark Knox, re: N-984
630 388-2529
SOURCE: Nicor Inc.
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