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TVA extends maturity on $500M credit instrument

Tennessee Valley Authority extended the maturity date on the $500 million credit agreement to Feb. 1, 2022, from Feb. 1, 2021.

Other terms and conditions remain unchanged, according to a Feb. 26 filing. The agreement allows TVA to access funds in either loans or letters of credit.

Bank of America NA acted as the administrative agent, letter of credit issuer and a lender.