National Rural Utilities Cooperative Finance Corp 8-K, filed Dec 6, 2024
National Rural Utilities Cooperative Finance Corp /Dc/ (NRUC)
8-K
2024-12-06
For: 2024-12-05
View Original
Added on
April 06, 2026
About this 8-K
National Rural Utilities Cooperative Finance Corp filed this 8-K on December 6, 2024, reporting on events of December 5, 2024.
Items reported
- Item 1.01: Entered into a material agreement
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
__________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 5, 2024
__________________________
(Exact name of registrant as specified in its charter)
(state or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||
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Registrant's telephone number, including area code: (703 ) 467-1800
(Former name or former address, if changed since last report)
__________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 1.01 | Entry into a Material Definitive Agreement. | ||||
On December 5, 2024, National Rural Utilities Cooperative Finance Corporation (the “Company”) amended its three-year and four-year revolving credit agreements to, among other things (i) extend the maturity date of the three-year revolving credit agreement to November 28, 2027 and the maturity date of the four-year revolving credit agreement to November 28, 2028 and (ii) increase commitments by $250 million (excluding the $150 million commitment termination described below) under each of the three-year and four-year revolving credit agreements. Commitments of $150 million that were scheduled to mature on November 28, 2025 were terminated under the three-year revolving credit agreement and commitments of $150 million will continue to expire at the prior maturity date of November 28, 2026 under the four-year revolving credit agreement.
As of the date hereof, the total commitment amounts under the three-year facility and the four-year facility are $1,595 million and $1,705 million, respectively, with the total commitment amount under the two facilities being $3,300 million of which $3,298 million is available due to letter of credit issuances.
The foregoing summary is qualified in its entirety by reference to the full text of the amendments to the revolving credit agreements, which will be filed as exhibits to the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended November 30, 2024.
| Item 9.01 | Financial Statements and Exhibits. | ||||
(d) The following exhibit is filed as part of this report:
| Exhibit No. | Description | |||||||
| 104 | Cover Page Interactive Data File (embedded within the inline XBRL document). | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| NATIONAL RURAL UTILITIES | ||
| COOPERATIVE FINANCE CORPORATION | ||
| By: | /s/ YU LING WANG | ||||
| Yu Ling Wang | |||||
| Senior Vice President and Chief Financial Officer | |||||
Dated: December 6, 2024