Hagerstown, Md.-based Allegheny Energy has given the nod to Citibank to arrange a new 364-day revolver and a three-year facility. Calls to Allegheny and Citibank were not returned by press time, so the size of the facility could not be determined. "People will be watching to see what the pricing is," notes one loan banker, explaining the company has a strong name and pricing will give an indication of where the benchmark sits after the turmoil of the last six months in the sector.
March 17, 2002