FirstEnergy Corp. repaid $1.2 billion, the full amount outstanding, under its five-year syndicated term loan credit agreement, dated as of December 6, 2016, among the company, as borrower, Bank of America, N.A. (BofA), as administrative agent, and the lenders identified therein (the 2016 Term Loan Agreement) and terminated the 2016 Term Loan Agreement. Amounts outstanding under the 2016 Term Loan Agreement were repaid using net proceeds received from the equity investment in the company announced on January 22, 2018 (the Private Placement). The company did not pay any premiums or penalties in connection with its voluntary prepayment and termination of the 2016 Term Loan Agreement. In addition to the termination of the 2016 Term Loan Agreement on January 22, 2018, the company also terminated (1) its $125 million three-year syndicated term loan credit agreement, dated as of February 16, 2017, among the company, as borrower, BofA, as administrative agent, and the lenders identified therein and (2) its $125 million three-year syndicated term loan credit agreement, dated as of February 16, 2017, among the company, as borrower, The Bank of Nova Scotia, as administrative agent, and the lenders identified therein (collectively, the 2017 Term Loan Agreements). Amounts outstanding under the 2017 Term Loan Agreements at the time of their termination were also repaid with proceeds from the Private Placement. Also on January 22 the company contributed $750 million from the Private Placement proceeds to the Company's pension fund, which when combined with the Company's $500 million contribution to the pension fund on January 5, 2018, is expected to eliminate any mandatory contributions to the pension fund by the Company until after 2020.