secwatch.observer — SEC 8-K summary
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Issuer:     FEDERAL AGRICULTURAL MORTGAGE CORP (AGM)
CIK:        0000845877
Form:       8-K
Filed at:   2025-01-14T23:59:59+00:00
Accession:  0000845877-25-000019
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Farmer Mac expands CFC note purchase facility to $6.5B, extends term to 2030
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/845877/000084587725000019/0000845877-25-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/845877/000084587725000019/agm-20250114.htm
  HTML page:      https://secwatch.observer/filing/0000845877-25-000019

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