Madison Gas and Electric (MGE) announced a financing partnership with seven regional and locally owned banks operating throughout MGE’s service territory. A $40 million unsecured revolving credit facility from the following banks will be used for general corporate purposes:
- U.S. Bank National Association, also serving as lead arranger and administrative agent;
- Associated Bank, also serving as syndication agent;
- Capitol Bank;
- Johnson Bank;
- First Business Bank;
- State Bank of Cross Plains; and
- One Community Bank.
CFSD Group LLC served as an advisor to MGE on this financing arrangement.
