Notice of change to bank credit arrangements

The Salt River Project Agricultural Improvement and Power District's (the “District”) Board of Directors authorized, on June 27, 2019, amendments to (i) a Revolving Credit Agreements with U.S. Bank National Association, as agent and lender (the “U.S. Bank Agreement”), and (ii) a Revolving Credit Agreement with JP Morgan Chase Bank National Association, as agent and lender (the “JPM Agreement”). Both amendments are dated and effective on or about June 29, 2019.

The amendment to the U.S. Bank Agreement extends the maturity date to on or about June 29, 2022 and has an available commitment of $150,000,000. The amendment to the JPM Agreement extends the maturity date to on or about June 29, 2023 and has an available commitment of $346,500,000 with $3,500,000 drawn.

The complete Notice of Change to Bank Credit Arrangements Document is a PDF is available for review.