Nuvera Communications increases revolving credit facility from $10M to $20M, matures June 30, 2022

Nuvera Communications, Inc.

Revolving loan commitment raised from $10 million to $20 million under amended CoBank agreement.
Maturity date set at June 30, 2022; company expects to enter a new facility before then.
All operating subsidiaries extended guarantees, security interests, and mortgages to cover the increased borrowing.
Amendment includes LIBOR transition mechanism allowing CoBank to replace benchmark rates if discontinued.

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