CFC Finalizes “Amend and Extend” Deal for Ohio G&T
Posted on Apr 9, 2013 in Financing | Comments Off on CFC Finalizes “Amend and Extend” Deal for Ohio G&T
The National Rural Utilities Cooperative Finance Corporation (CFC) recently closed an “amend and extend” (A&E) transaction for Columbus, Ohio-based Buckeye Power Inc. An A&E transaction allows the borrower to change the terms of an existing credit agreement, such as the maturity date and pricing, typically in exchange for a fee and, unlike refinancing, the original loan remains in place. The A&E transaction arranged for Buckeye amends a $200 million syndicated transaction that CFC arranged in 2011. Click here for more on this story.
