FEDERAL AGRICULTURAL MORTGAGE CORP Files 8-K

TL;DR

AGM filed an 8-K on Jan 14, 2025, reporting a material agreement and financial exhibits.

AI Summary

On January 14, 2025, FEDERAL AGRICULTURAL MORTGAGE CORP filed an 8-K report. The filing indicates the company entered into a material definitive agreement and also includes financial statements and exhibits. Specific details regarding the agreement or financial figures were not provided in the provided text.

Why It Matters

This 8-K filing signals a significant event for FEDERAL AGRICULTURAL MORTGAGE CORP, potentially involving new agreements or financial updates that could impact investors.

Risk Assessment

Risk Level: low — The filing is a standard disclosure of a material agreement and exhibits, with no immediate negative financial implications apparent from the provided text.

Key Players & Entities

• FEDERAL AGRICULTURAL MORTGAGE CORP (company) — Registrant
• January 14, 2025 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $6 billion — reases the Maximum Purchase Amount from $6 billion to $6.5 billion, and extends the borrow
• $6.5 b — imum Purchase Amount from $6 billion to $6.5 billion, and extends the borrowing period

Filing Documents

• agm-20250114.htm (8-K) — 38KB
• fifthamendedandrestatedfir.htm (EX-10.1) — 32KB
• thirdamendedrestatedandcon.htm (EX-10.2) — 244KB
• 0000845877-25-000019.txt ( ) — 546KB
• agm-20250114.xsd (EX-101.SCH) — 2KB
• agm-20250114_def.xml (EX-101.DEF) — 18KB
• agm-20250114_lab.xml (EX-101.LAB) — 32KB
• agm-20250114_pre.xml (EX-101.PRE) — 19KB
• agm-20250114_htm.xml (XML) — 7KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On January 14, 2025, the Federal Agricultural Mortgage Corporation ("Farmer Mac"), Farmer Mac Mortgage Securities Corporation ("FMMSC"), a wholly-owned subsidiary of Farmer Mac, and the National Rural Utilities Cooperative Finance Corporation ("CFC") entered into a Fifth Amended and Restated First Supplemental Note Purchase Agreement (the "Amended Agreement"), which amends and restates in its entirety the Fourth Amended and Restated First Supplemental Note Purchase Agreement dated as of June 15, 2022 (the "Original Agreement") and previously filed as Exhibit 10.1 to Farmer Mac's Current Report on Form 8-K filed on June 15, 2022 with the U.S. Securities and Exchange Commission ("SEC"). The parties entered into the Original Agreement and the Amended Agreement pursuant to the Amended and Restated Master Note Purchase Agreement, dated as of March 24, 2011 (the "Master Note Purchase Agreement") and previously filed as Exhibit 10.22 to Farmer Mac's Quarterly Report on Form 10-Q filed on May 10, 2011 with the SEC, which governs the notes issued under the Amended Agreement by CFC, purchased by FMMSC, and guaranteed by Farmer Mac. The Amended Agreement increases the Maximum Purchase Amount from $6 billion to $6.5 billion, and extends the borrowing period from June 30, 2027 to January 14, 2030 (with successive one-year renewals upon sixty days' notice by CFC, subject to approval by Farmer Mac and FMMSC). Also on January 14, 2025, Farmer Mac, FMMSC, CFC, and U.S. Bank National Association, as collateral agent, entered into a Third Amended, Restated and Consolidated Pledge Agreement (the "Pledge Agreement"), which amends and restates in its entirety the Second Amended, Restated and Consolidated Pledge Agreement dated as of July 31, 2015 and previously filed as Exhibit 10.3 to Farmer Mac's Quarterly Report on Form 10-Q filed on November 9, 2015 with the SEC. The Pledge Agreement provides for the pledge by CFC to the colla

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits 10.1 Fifth Amended and Restated First Supplemental Note Purchase Agreement dated January 14, 2025, between Farmer Mac, FMMSC, and CFC. 10.2 Third Amended, Restated and Consolidated Pledge Agreement dated January 14, 2025, between Farmer Mac, FMMSC, CFC, and U . S . Bank National Association. 104 Cover Page Inline Interactive Data File - the cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.

SIGNATURES

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 thereunto duly authorized. FEDERAL AGRICULTURAL MORTGAGE CORPORATION By: /s/ Stephen P. Mullery Name: Stephen P. Mullery Title: Executive Vice President – General Counsel Dated: January 14, 2025

View Full Filing

View this 8-K filing on SEC EDGAR