---
schema_version: "secwatch.filing_event.v1"
accession: "0000070502-23-000046"
form_type: "8-K"
ticker: "NRUC"
cik: "0000070502"
company_name: "NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP /DC/"
filed_at: "2023-12-20T23:59:59+00:00"
generated_at: "2026-06-07T10:14:23.451567+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# NRUC closes $450M FFB loan facility; total FFB committed facilities reach $1.2B

## Summary
- $450 million committed loan facility from U.S. Treasury's FFB, guaranteed by USDA Rural Utilities Service.
- Advances available until July 15, 2028; each advance maturity up to 30 years.
- Interest rate spread: 42.5 bps for maturities <=10 yrs, 55 bps for >10 yrs, over comparable Treasuries.
- 30 bps of fees support USDA Rural Economic Development Loan and Grant Program.
- Proceeds to finance eligible rural utility infrastructure or refinance existing bonds/notes.

## SEC filing metadata
- accession: 0000070502-23-000046
- form_type: 8-K
- ticker: NRUC
- cik: 0000070502
- company_name: NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP /DC/
- filed_at: 2023-12-20T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/70502/000007050223000046/0000070502-23-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/70502/000007050223000046/nru-20231219.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000070502-23-000046
- JSON: https://secwatch.observer/filing/0000070502-23-000046.json
- Plain text: https://secwatch.observer/filing/0000070502-23-000046.txt

## Key facts
- Material Agreements
  NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP /DC/ entered into Series U committed loan facility with U.S. Treasury Department's Federal Financing Bank (FFB) valued at $450 million (effective 2023-12-19).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: U.S. Treasury Department's Federal Financing Bank (FFB)
  - Value: $450 million
  - Effective: 2023-12-19
  source text: On December 19, 2023, National Rural Utilities Cooperative Finance Corporation (“CFC”) closed on a $450 million Series U committed loan facility from the U.S. Treasury Department’s Federal Financing Bank (“FFB”) guaranteed by the United States of America, acting through the Rural Utilities Service.
  evidence_url: https://www.sec.gov/Archives/edgar/data/70502/000007050223000046/0000070502-23-000046-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.