Illinois Coop Closes $65 Million Syndication
Marion-based Southern Illinois Power Cooperative (SIPC) and The National Rural Utilities Cooperative Finance Corporation (CFC) recently arranged a four-year, $65 million unsecured revolving credit facility. CFC acted as lead arranger and lead lender in the transaction, which replaced a portion of an earlier syndication for SIPC. The funds will be used for general corporate purposes, including issuing letters of credit. Click here for more.