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NRUC National Rural Utilities Cooperative Finance

Filed: 10 Jun 21, 2:45pm


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): June 7, 2021

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))


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.

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







Item 1.01
Entry into a Material Definitive Agreement.

On June 7, 2021, National Rural Utilities Cooperative Finance Corporation (the “Company”) amended its three-year and five-year revolving credit agreements, to among other things (i) extend the maturity date of the three-year revolving credit agreement to November 28, 2024 and the maturity date of the five-year revolving credit agreement to November 28, 2025 and (ii) terminate $70 million of commitments under the three-year agreement and $55 million of commitments under the five-year agreement.

As of the closing date, the total commitment amounts under the three-year facility and the five-year facility were $1,245 million and $1,355 million respectively, with the total commitment amount under the two facilities being $2,600 million, of which $2,596.9 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 Form 10-K for the fiscal year ended May 31, 2021.


Item 9.01Financial 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/ J. ANDREW DON
J. Andrew Don
Governor and Chief Executive Officer

Dated:  June 10, 2021