Hunton Andrews Kurth Advises CoBank, ACB on Fixed-Rate Reset Preferred Stock Offering

Hunton Andrews Kurth LLP advised CoBank, ACB ("CoBank”) on its offering of 300,000 shares of fixed-rate reset Series L non-cumulative perpetual preferred stock.

CoBank is a cooperative bank serving vital industries across rural America. It provides loans, leases and other financial services to vital industries across the rural communities of America. CoBank conducts lending operations through three operating segments: Agribusiness, Farm Credit Banking and Rural Infrastructure. The Agribusiness operating segment includes lending to regional and corporate agribusiness customers, export finance customers and leasing customers. Through its Farm Credit Banking operating segment, CoBank serves as the funding bank for 16 affiliated associations across the country. The Rural Infrastructure operating segment includes lending to rural infrastructure borrowers across the United States. CoBank is a member of the Farm Credit System, is a federally chartered network of borrower-owned cooperative Banks and affiliated associations, as well as related service organizations.

The Hunton Andrews Kurth team included Peter K. O’Brien, Steven C. Friend, Patrick C. Jamieson, Reuben H. Pearlman and Alice Yao. Robert McNamara, William Freeman and Caitlin A. Scipioni provided tax advice.

https://www.huntonak.com/news/hunton-andrews-kurth-advises-cobank-acb-on-fixed-rate-reset-preferred-stock-offering