Hunton Andrews Kurth Advises on National Rural Utilities Cooperative Finance Corporation’s Medium Term Notes Offering

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October 25, 2021
News

Hunton Andrews Kurth LLP advised the agents in an offering by National Rural Utilities Cooperative Finance Corporation (CFC) of an aggregate principal amount of $750 million of medium term notes.

CFC is a member-owned cooperative association. Its principal purpose is to provide members with financing to supplement the loan programs of the Rural Utilities Service of the United States Department of Agriculture. CFC makes loans to its rural electric members so they can acquire, construct and operate electric distribution, generation, transmission systems and related facilities. CFC also provides its members with credit enhancements in the form of letters of credit and guarantees of debt obligations. As a member-owned cooperative, CFC has no publicly held equity securities outstanding. CFC funds its activities primarily through a combination of publicly and privately held debt securities and member investments.

The Hunton Andrews Kurth team included Michael F. Fitzpatrick, Adam R. O’Brian, Patrick C. Jamieson and Reuben H. Pearlman.

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