CFC secures $750M Series T loan facility from U.S. Treasury's FFB

NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP /DC/

$750M committed Series T loan facility from U.S. Treasury FFB, guaranteed by Rural Utilities Service.
Borrowing available until July 15, 2027; each advance matures up to 30 years from draw.
Interest spread over Treasuries: 42.5 bps (≤10 yr) or 55 bps (>10 yr); includes 30 bps USDA fee.
Total committed FFB loan facilities increased to $1,525 million.
Proceeds for utility infrastructure loans or refinancing under Rural Electrification Act.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP /DC/ entered into a credit facility with Federal Financing Bank valued at $750 million (effective 2022-12-15).

Action: entry
Agreement: credit facility
Counterparty: Federal Financing Bank
Value: $750 million
Effective: 2022-12-15

Exact text from the filing

On December 15, 2022, National Rural Utilities Cooperative Finance Corporation (“CFC”) closed on a $750 million Series T 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.

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Source: SEC EDGAR

accession 0001104659-22-128547

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