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AGL Capital Corporation, a wholly owned subsidiary of AGL Resources Inc.
AGL, announced today that it has closed on a $1 billion credit facility. The new facility terminates on September 15, 2013, and replaces a $1 billion credit facility that was due to expire in 2011.
The credit facility is fully guaranteed by AGL Resources and it is expected that it will be used primarily to support AGL Capital's commercial paper program. AGL Capital has the option to increase the aggregate principal amount available for borrowing to $1.25 billion on terms and conditions expressed in the credit facility.
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