Renewal Letter for $75,000,000 Committed Line of Credit between PNC Bank and Cincinnati Financial Corporation/CFC Investment Company

Contract Categories: Business Finance › Credit Agreements
Summary

PNC Bank has renewed a $75 million committed line of credit for Cincinnati Financial Corporation and CFC Investment Company. The expiration date of the credit line is extended from August 28, 2011, to August 27, 2012, effective August 29, 2011. All other terms, including pricing and fees, remain unchanged. The agreement is acknowledged and accepted by both Cincinnati Financial Corporation and CFC Investment Company.

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EX-10.1 2 v233431_ex10-1.htm EXHIBIT 10.1 Unassociated Document
 


August 25, 2011


Cincinnati Financial Corporation
CFC Investment Company
6200 South Gilmore Road
Fairfield, OH  45014

Attn: 
Eric Mathews
Vice President and Principal Accounting Officer

Re: 
Renewal of Expiration Date for $75,000,000 Committed Line of Credit

Dear Mr. Mathews:

We are pleased to inform you that your committed line of credit has been renewed.  The Expiration Date, as set forth in that certain Letter Agreement dated August 31, 2009, and in the Committed Line of Credit Note executed and delivered pursuant to that Letter Agreement (as well as all renewal letters executed subsequent to August 31, 2009), has been extended from August 28, 2011 to August 27, 2012, effective on August 29, 2011.  All other terms and conditions of the Committed Line of Credit Note and the Letter Agreement remain in full force and effect, including pricing and fees.

It has been a pleasure working with you and I look forward to a continued successful relationship.  Thank you again for your business.

 
Very truly yours,
           
PNC BANK, NATIONAL ASSOCIATION
      
           
           
By:
/s/ William McDonnell
        
 
William McDonnell
        
Title: Senior Vice President        

 
Acknowledged and agreed to by:
 
           
Cincinnati Financial Corporation
  
CFC Investment Company
  
           
           
By:
/s/ Michael J. Sewell
   By:
/s/ Michael J. Sewell
  
 
Michael J. Sewell, CPA
    
Michael J. Sewell, CPA
  
Title:
Chief Financial Officer, Senior Vice President, and Treasurer
   Title:
Chief Financial Officer and Senior Vice President