SANTA ROSA, Calif., Sept. 16, 2026 /PRNewswire/ — American AgCredit, a member-owned Farm Credit cooperative, issued $150 million of subordinated notes into the private capital markets – generating capital to support its mission of serving U.S. agriculture and rural communities.
“Farmers and ranchers need reliable, consistent credit to grow and thrive, and it’s our job to provide this financing,” said Curt Hudnutt, President and CEO of American AgCredit. “This issuance is primarily a capital optimization transaction that helps us effectively manage our cost of capital to maintain a strong financial foundation. This allows us to support the success of the more than 12,000 farmers and ranchers who own American AgCredit.”
The cooperative’s customers represent a variety of agricultural sectors, including beef, vineyards and wineries, tree fruits and nuts, field crops, dairies, and forest products. According to Hudnutt, this diversification – and the expertise American AgCredit has to finance it – helps drive its success and gives investors a unique opportunity to participate in the long-term growth and profitability of U.S. agriculture.
The subordinated notes bear interest at the rate of 6.75% for the first 10 years and reset quarterly thereafter through maturity in 2041. The proceeds from the offering, together with cash on hand, were used to redeem $200 million of American AgCredit outstanding Series A Preferred Stock. Piper Sandler & Co. acted as the sole initial purchaser. McDermott Will & Schulte served as legal counsel to American AgCredit, and Dorsey & Whitney, LLP served as legal counsel to the initial purchaser.
This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities, nor shall there be any sale of the securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Forward-Looking Statements
Any forward-looking statements are based on current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from expectations due to a number of risks and uncertainties. More information about these risks and uncertainties is contained in our 2025 Annual Report. We undertake no duty to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
About American AgCredit
American AgCredit was chartered in 1916 as part of the nationwide Farm Credit System and is the nation’s fifth-largest Farm Credit association. American AgCredit specializes in providing financial services to agricultural and rural customers in California, Colorado, Hawaii, Kansas, Nevada, New Mexico and Oklahoma, and serves capital market customers throughout the U.S. Learn more at agloan.com. For investor relations inquiries, please contact media@agloan.com.
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SOURCE American AgCredit
