• GTC Extends $275 Million Syndication with CFC
  • February 28, 2014
  • Law Firm: Sutherland Asbill Brennan LLP - Washington Office
  • Georgia Transmission Corporation (GTC), based in Tucker, Georgia, obtained an “amend and extend” transaction that extended the maturity date of a $275 million, five-year syndicated revolving credit facility with the National Rural Utilities Cooperative Finance Corporation (CFC) by two years. The facility was originally arranged in November 2011. GTC uses the facility primarily to backstop its commercial paper issuance. The coop provides electric transmission service to 38 electric membership coops in Georgia. All six of the original lenders agreed to the extension and to remain at existing commitment levels.