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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): November 18, 2016

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

District of Columbia
(state or other jurisdiction of incorporation)
1-7102
(Commission
File Number)
52-0891669
(I.R.S. Employer
Identification No.)

20701 Cooperative Way
Dulles, VA
20166-6691
(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:

☐ 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))

 






Item 1.01
Entry into a Material Definitive Agreement.




On November 18, 2016, National Rural Utilities Cooperative Finance Corporation (“CFC”) amended its three-year and five-year revolving credit agreements to extend the maturity dates to November 19, 2019 and November 19, 2021, respectively, and to terminate $165 million of commitments under the three-year agreement and $45 million of commitments under the five-year agreement. In connection with the amendments, commitments from the existing banks increased by $32.5 million under each of the three-year and five-year agreements. As of the closing date, the total commitment amounts under the three-year facility and the five-year facility were $1,532.5 million and $1,632.5 million, respectively, with the total commitment amount under the two facilities being $3,165 million, of which $3,164 million is available due to letter of credit issuances. All of the foregoing amounts exclude the commitments of National Cooperative Services Corporation (“NCSC”), a consolidated entity of CFC. NCSC’s commitments of $30 million under each of the three-year and five-year agreements were also terminated.

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, 2016.

























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
 
Senior Vice President and Chief Financial Officer

Dated:  November 22, 2016