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.

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