ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT On January 14, 2014 , El Paso Electric Company (the "Company") and The Bank of New York Mellon Trust Company, N.A. , as trustee (the "Trustee") of the Rio Grande Resources Trust II (the "Trust"), entered into a second amended and restated credit agreement (the "Agreement") with JPMorgan Chase Bank, N.A ., as administrative agent and issuing bank, Union Bank, N.A ., as syndication agent, and various lending banks party thereto. Under the terms of the Agreement, the Company has available a $300 million revolving credit facility (the "Facility") for a term ending January 14, 2019 (the "Maturity Date"). The Company may increase the Facility by up to $100 million (up to a total of $400 million ) during the term of the Agreement, upon the satisfaction of certain conditions more fully set forth in the Agreement, including obtaining commitments from lenders or third party financial institutions. In addition, the Company may extend the Maturity Date up to two times, in each case for an additional one year period, upon the satisfaction of certain conditions more fully set forth in the Agreement (each, a "Maturity Extension"), including requisite lender approval. The Agreement provides that amounts borrowed under the Facility by the Company may be used for, among other things, working capital and general corporate purposes. Any amounts borrowed by the Trustee may be used, among other things, to finance the acquisition and cost to process nuclear fuel, which is accomplished through the Trust. Amounts borrowed by the Trustee are guaranteed by the Company. The Facility is unsecured. The Agreement requires compliance with certain covenants, including a total debt to capitalization ratio. In addition to other minor modifications and provision for Maturity Extensions described above, the Agreement extended the term of the Company's existing $300 million amended and restated revolving credit facility dated November 15, 2011 .
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