Close of Constellation credit facility extended

Previously, the credit facility was due to close on 31 October 2008 and total commitments from the banks were expected to be $2bn. However, Constellation Energy, UBS Loan Finance and RBS Securities Corporation have agreed to delay the close until 26 November 2008 and the company has announced total commitments are now expected to be between $1bn and $1.25bn. During the extended period, the company will work with the banks to determine the exact size, terms and conditions of the facility.

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