UPDATE 1-EDP signs 925 million euro five-year loan
(Adds terms of loan in paragraphs 3-5)
LISBON, April 29 (Reuters) - Power company EDP (EDP.LS: Quote, Profile, Research) said on Tuesday it had signed a five-year revolving credit facility of 925 million euros to refinance short-term debt.
"The facility is intended for general corporate purposes and to refinance short-term debt, and is in line with the group's financial policy of extending the average term of its debt portfolio and reinforcing its financial flexibility," EDP said in a statement.
The loan pays a margin of 45 basis points over Euribor, which will be increased by 10 basis points if utilisation exceeds 50 percent of the loan amount.
It will also pay front-end fees of between 25 and 35 basis points over Euribor depending on participation.
Initial mandated lead arrangers are Barclays Capital, Bank of Tokyo-Mitsubishi UFJ, La Caixa, KfW IPEXBank and Royal Bank of Scotland Plc (RBS.L: Quote, Profile, Research). (Reporting by Henrique Almeida; editing by Will Waterman and David Hulmes)
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