Market Overview

CFC, Farmer Mac Announce $1.5B Revolving Credit Facility for CFC

The National Rural Utilities Cooperative Finance Corporation (NYSE: NRU) (NYSE: NRC) and the Federal Agricultural Mortgage Corporation (NYSE: AGM) announced that they have entered into a five-year, revolving credit facility under which CFC may borrow, repay and reborrow up to $1.5 billion through January 2016.

This draw period is extended annually for an additional year unless notice of non-renewal is given by Farmer Mac.

Posted-In: News Financing

 

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