National Rural Utilities Cooperative Finance Corporation (CFC) has received a five-year revolving credit facility from Farmer Mac. As per the agreement, CFC may borrow, repay and re-borrow up to $1.5 billion until January 2016.
The new facility is in addition to CFC’s existing note purchase agreements and whole loan sales with Farmer Mac. CFC and Farmer Mac together provide a source of credit, liquidity and lending capacity to electric cooperatives in rural communities.
Click here for the release from Market Wire.