debt
confidence high
sentiment neutral
materiality 0.55
Farmer Mac expands CFC note purchase facility to $6.5B, extends term to 2030
FEDERAL AGRICULTURAL MORTGAGE CORP
- Maximum purchase amount increased from $6 billion to $6.5 billion.
- Borrowing period extended from June 30, 2027 to January 14, 2030; annual one-year renewals possible.
- Pledge agreement amended to require eligible rural utilities loans cover at least 100% of outstanding principal.
- CFC is the second-largest owner of Farmer Mac Class A voting stock; transaction on arms-length terms.
- Agreement entered in ordinary course with no other material changes.