Farmer Mac’s $302.7 Million Securitization of Agricultural Mortgage-Backed Securities

Dechert advised Farmer Mac in the transaction. Morgan, Lewis and Bockius served as legal advisor to Credit Suisse (USA) LLC and CastleOak Securities, L.P.

Farmer Mac completed a $302.7 million securitization of agricultural mortgage loans. The deal was announced on October 14, 2021.

Farmer Mac is a vital part of the agricultural credit markets and was created to increase access to and reduce the cost of credit for the benefit of American agricultural and rural communities. As the nation’s secondary market for agricultural credit, Farmer Mac provides financial solutions to a broad spectrum of the agricultural community, including agricultural lenders, agribusinesses, and other institutions that can benefit from access to flexible, low-cost financing and risk management tools.

Credit Suisse Securities (USA) LLC acted as the sole structuring agent and bookrunner along with CastleOak Securities, L.P., as a selling group member.

The Dechert team included global finance partners Laura Swihart (Picture) and Matthew Fischer, counsel Amber Hough, and associate Bill Lee.

Involved fees earner: Matthew Fischer – Dechert; Amber Hough – Dechert; Bill Lee – Dechert; Laura Swihart – Dechert;

Law Firms: Dechert;

Clients: Farmer Mac;