GLADSTONE LAND Corp (LAND): debt financing — Gladstone Land extends Farmer Mac bond agreement: issuance window to Dec 2026, maturity 10 years from issuance

GLADSTONE LAND Corp

Amendment extends Final Issuance Date to earlier of Dec 31, 2026 or a Material Adverse Change.
Final Maturity Date extended to 10 years from each bond's issuance date.
All other terms of the Amended and Restated AgVantage Bond Purchase Agreement remain unchanged.
Issuer is Gladstone Lending Company, LLC, a wholly-owned subsidiary of Gladstone Land.
Issuer certifies no Event of Default and representations remain true and correct.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

GLADSTONE LAND Corp amended credit facility with Federal Agricultural Mortgage Corporation ("Farmer Mac") and Farmer Mac Mortgage Securities Corporation ("the Bond Purchaser") maturing Final Maturity Date to a date that is ten (10) years from the applicable issuance date.

Instrument: credit facility
Counterparty: Federal Agricultural Mortgage Corporation ("Farmer Mac") and Farmer Mac Mortgage Securities Corporation ("the Bond Purchaser")
Maturity: Final Maturity Date to a date that is ten (10) years from the applicable issuance date
Event: amendment

Exact text from the filing

extending the Final Issuance Date until the earlier of (a) December 31, 2026 and (b) such date as Farmer Mac determines a Material Adverse Change has occurred and extending the Final Maturity Date to a date that is ten (10) years from the applicable issuance date

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Source: SEC EDGAR

accession 0001193125-23-161618

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