0000070502FALSE00000705022024-12-052024-12-050000070502nru:A735CollateralTrustBondsDue2026Member2024-12-052024-12-050000070502nru:A550SubordinatedNotesDue2064Member2024-12-052024-12-05


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
__________________________

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
__________________________

NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION
(Exact name of registrant as specified in its charter)

District of Columbia

1-7102

52-0891669

(state or other jurisdiction of incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
20701 Cooperative Way,Dulles,VA20166-6691
(Address of principal executive offices) (Zip Code)
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):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
7.35% Collateral Trust Bonds, due 2026NRUC 26New York Stock Exchange
5.50% Subordinated Notes, due 2064NRUCNew York Stock Exchange
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
104Cover 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

v3.24.3
Cover
Dec. 05, 2024
Cover [Abstract]  
Document Period End Date Dec. 05, 2024
Entity Registrant Name NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION
Entity Incorporation, State or Country Code DC
Entity File Number 1-7102
Entity Tax Identification Number 52-0891669
Entity Address, Address Line One 20701 Cooperative Way,
Entity Address, City or Town Dulles,
Entity Address, Postal Zip Code 20166-6691
City Area Code 703
Local Phone Number 467-1800
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Entity Central Index Key 0000070502
Amendment Flag false
Document Type 8-K
v3.24.3
Cover
Dec. 05, 2024
Document Information [Line Items]  
Entity Address, State or Province VA
7.35% Collateral Trust Bonds, due 2026  
Document Information [Line Items]  
Trading Symbol NRUC 26
Title of 12(b) Security 7.35% Collateral Trust Bonds, due 2026
Security Exchange Name NYSE
5.50% Subordinated Notes, due 2064  
Document Information [Line Items]  
Trading Symbol NRUC
Title of 12(b) Security 5.50% Subordinated Notes, due 2064
Security Exchange Name NYSE
National Rural Utilities... (NYSE:NRUC)
Historical Stock Chart
From Nov 2024 to Dec 2024 Click Here for more National Rural Utilities... Charts.
National Rural Utilities... (NYSE:NRUC)
Historical Stock Chart
From Dec 2023 to Dec 2024 Click Here for more National Rural Utilities... Charts.