National Rural Utilities Co-op extends two revolvers to 2019 and 2021

By Wendy Van Sickle

Columbus, Ohio, Nov. 25 – National Rural Utilities Cooperative Finance Corp. extended its three-year credit agreement to Nov. 19, 2019 and its five-year credit agreement to Nov. 19, 2021, according to an 8-K filed with the Securities and Exchange Commission.

Each extension amounts to one year.

Also, National Rural terminated $165 million and $45 million, respectively, of commitments under the three-year and five-year facilities.

As of Friday’s closing, commitments totaled $1,532,500,000 under the three-year facility and $1,632,500,000 under the five-year facility.

Of the $3,165,000,000 total commitment amount, $3,164,000,000 is available due to letter of credit issuances.

The market lender for electric cooperatives is based in Herndon, Va.

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