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National Rural Utilities extends revolvers one year and replaces Libor
Chicago, Oct. 21 – National Rural Utilities Cooperative Finance Corp. amended and restated its revolving credit agreements on Thursday, according to an 8-K filing with the Securities and Exchange Commission.
The $1.245 billion three-year revolver now matures Nov. 28, 2025, and the $1.355 billion four-year revolving credit agreement has been extended to Nov. 28, 2026.
The reference rate has been changed to SOFR from Libor.
The market lender for electric cooperatives is based in Dulles, Va.
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