National Rural Utilities Cooperative Finance Corp. amended its three-year and five-year revolving credit agreements to terminate commitments of $40 million each under the agreements.
Additionally, the maturity dates on the three-year and five-year agreements were extended to Nov. 20, 2020, and Nov. 20, 2022, respectively.
National Rural Utilities also reduced the euro-dollar margins and base rate margins under the three-year agreement and included an option for the company to extend the commitments for each agreement by one year. It can request two extensions under the option.
The total commitment amounts as of the closing date were about $1.49 billion under the three-year facility and $1.59 billion under the five-year facility.
