debt
confidence high
sentiment neutral
materiality 0.60
CFC amends note purchase agreement with Farmer Mac; capacity raised to $6.5B, draw period extended to 2030
NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP /DC/
- Maximum Purchase Amount increased from $6.0 billion to $6.5 billion.
- Draw period extended from June 30, 2027 to January 14, 2030.
- Allows successive one-year renewals subject to Farmer Mac approval.
- As of January 14, 2025, $3.5 billion of secured notes outstanding under the agreement.
- Also entered into Third Amended and Restated Pledge Agreement for collateral.