Farmland Partners Inc. Announces Pricing of a 10-Year $14.9 Million Bond Under Farmer Mac Facility - Farmland Partners (NYSE:FPI)

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

Farmland Partners Inc. (NYSEMKT: FPI) (the "Company") today announced the issuance of a $14.9 million, 10-year, interest-only bond with a fixed interest rate of 3.69%. The bond will be issued under the Company's $150 million secured note purchase facility (the "Farmer Mac Facility") with the Federal Agricultural Mortgage Corporation (NYSE: AGM and AGM.A) ("Farmer Mac"), bringing the total principal amount outstanding under the Farmer Mac Facility to $96.0 million. "This 10-year bond will begin to extend the average maturity of our debt and provide us with capital for additional acquisitions," said Paul Pittman, CEO of Farmland Partners Inc.

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!