secwatch.observer — SEC 8-K summary
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Issuer:     FEDERAL AGRICULTURAL MORTGAGE CORP (AGM)
CIK:        0000845877
Form:       8-K
Filed at:   2024-11-26T23:59:59+00:00
Accession:  0000845877-24-000263
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Farmer Mac closes $318.8M agricultural mortgage securitization (FARM 2024-2)
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- Fifth FARM series securitization since 2021; pool of 446 agricultural loans.
- Senior tranche of $294.9M guaranteed by Farmer Mac, in three classes (A, A1, A2).
- Unguaranteed subordinate tranche of $23.9M; total deal $318.8M.
- Joint bookrunners: BofA Securities and Oppenheimer; selling group: CastleOak and Seaport Global.
- Management cites strong investor demand and commitment to growing AMBS program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/845877/000084587724000263/0000845877-24-000263-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/845877/000084587724000263/agm-20241126.htm
  HTML page:      https://secwatch.observer/filing/0000845877-24-000263

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