May 27, 2009 / 7:21 AM / 8 years ago

Italy's Edison takes 600 mln euro loan

MILAN, May 27 (Reuters) - Italian power generator Edison SpA EDN.MI has obtained a 600 million euro ($838 million) loan from a pool of banks, the company said on Wednesday.

Interest on the three-year loan, which will be fully used in coming days, is based on the euribor interbank rate and is in line with best market terms, it said in a statement.

The loan will be used to refinance part of its short-term debt, it said.

The banks are UniCredit (CRDI.MI), Banco Bilbao Vizcaya Argentaria SA (BBVA.MC), BNP Paribas SA (BNPP.PA), Calyon SA (CAGR.PA), Intesa Sanpaolo SpA IP.MI and Societe Generale SA (SOGN.PA). (Reporting by Danilo Masoni; Editing by David Holmes) ($1=.7158 Euro)

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