Oklahoma Coop Becomes Latest 100-Percent CFC Borrower
Posted on Oct 8, 2012 in Financing, Reliability | Comments Off on Oklahoma Coop Becomes Latest 100-Percent CFC Borrower
Cimarron Electric Cooperative (Cimarron Electric), based in Kingfisher, Oklahoma, has closed on long-term financing from the National Rural Utilities Cooperative Finance Corporation (CFC), becoming the CFC’s latest 100-percent borrower. Cimarron Electric has enjoyed continued growth in the past few years due to renewed oil and gas production and saw CFC as a useful partner in helping it meet increasing demand from members. The coop’s annual growth has equaled 18 percent in the past two years, greatly outpacing its typical annual growth, which averages 2.5 percent. Click here to read more about this financing agreement.
