CFC, Farmer Mac Announce $1.5B Revolving Credit Facility for CFC
The National Rural Utilities Cooperative Finance Corporation (NYSE: NRU) (NYSE: NRC) and the Federal Agricultural Mortgage Corporation (NYSE: AGM) announced that they have entered into a five-year, revolving credit facility under which CFC may borrow, repay and reborrow up to $1.5 billion through January 2016.
This draw period is extended annually for an additional year unless notice of non-renewal is given by Farmer Mac.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.