Renewal of $75,000,000 Committed Line of Credit Agreement between PNC Bank and Cincinnati Financial Corporation/CFC Investment Company
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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 29, 2010, to August 28, 2011, with all other terms, including pricing and fees, remaining unchanged. The agreement is acknowledged and accepted by both parties, ensuring continued access to the credit facility for another year.
EX-10.1 2 v195417_ex10-1.htm Unassociated Document
August 27, 2010
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, has been extended from August 29, 2010 to August 28, 2011, effective on August 30, 2010. 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/ Steven J. Johnston | By: /s/ Steven J. Johnston |
Steven J. Johnston, FCAS, MAAA, CFA | Steven J. Johnston, FCAS, MAAA, CFA |
Title: Chief Financial Officer, Senior Vice President, Secretary and Treasurer | Title: Chief Financial Officer, Senior Vice President and Secretary |