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National Fuel Gas Company (NFG) has successfully established a new $1.30 billion unsecured revolving credit facility. This strategic financial move extends the company's debt maturity profile until March 27, 2031, bolstering its long-term financial stability. The facility is designed to provide significant liquidity for various corporate needs, including the refinancing of existing debt and supporting ongoing capital projects. Additionally, the funds will be utilized for working capital requirements and potential future acquisitions within the energy sector. By securing this long-term credit line, NFG enhances its financial flexibility and reduces short-term refinancing risks. This development reflects the company's proactive approach to balance sheet management amid evolving market conditions.
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