National Rural Utilities extends one revolver, downsizes two

By Wendy Van Sickle

Columbus, Ohio, Dec. 2 – National Rural Utilities Cooperative Finance Corp. extended its three-year credit agreement to Nov. 28, 2020 and terminated $125 million of commitments under that credit agreement and another $125 million of commitments under its five-year credit agreement, according to an 8-K filed with the Securities and Exchange Commission.

As of the Nov. 26 closing date, the total commitment amounts under the three-year facility and the five-year facility were $1,315,000,000 and $1.41 billion, respectively. The total commitment amount under the two facilities is $2,725,000,000, of which $2,722,000,000 is available due to letter-of-credit issuances.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.