Tennessee Valley amends $500 million credit agreement, extends to 2022

By Sarah Lizee

Olympia, Wash., Feb. 26 – Tennessee Valley Authority amended its $500 million credit agreement on Feb. 21, extending the maturity by one year to Feb. 1, 2022, according to an 8-K filing with the Securities and Exchange Commission.

Bank of America, NA is the administrative agent, letter-of-credit issuer and a lender.

Other terms of the credit agreement were not changed, the filing noted.

Tennessee Valley Authority is a Knoxville, Tenn.-based electricity provider.

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