Oglethorpe Power extends maturity of credit agreement
Insight Weekly: Sustainable bonds face hurdles; bad loans among landlords; AI investments up
Insight Weekly: Bank oversight steps up; auto insurers’ dismal year; VC investment slumps
Insight Weekly: Renewables lead capacity additions; bank mergers of equals up; nickel IPOs surge
Insight Weekly: Utilities face headwinds; S&P 500 dividend hikes likely; dollar poised for rally
Oglethorpe Power Corp. amended the unsecured $1.21 billion credit agreement it holds with 12 lenders, extending its maturity to Dec. 11, 2024.
The previous $1.0 billion limitation on the company's issuance of commercial paper supported by the credit agreement was also removed.
National Rural Utilities Cooperative Finance Corp. acted as administrative agent on the transaction.
