Ag Resource Management Completes Landmark Securitization for Farm Finance Industry
“The last decade has been difficult for agriculture. Farmers need crop guarantee solutions that work in a way that is conducive to their success,” said ARM’s Managing Director, John Hoffman. He added: “At ARM, we are far from the norm. ARM is simply the smart choice for any farmer.
Securitizing the Master Trust allows ARM to match its bond funding to the needs of its farmers and enable better execution, which in turn will enable greater reach and more competitive capital solutions for the farming community. .
“The successful completion of this first asset-backed securities transaction represents an important milestone for Ag Resource Management in opening up access to new and efficient sources of capital that allow us to better meet the financing needs of farmers and agribusiness. -industry,” said ARM’s CFO and Chairman of Capital Markets Rasoul Alizadeh.
“Ag Resource Management’s goal has always been to keep farmers farming. It is a privilege for Guggenheim Securities to bring ARM to the debt capital markets through innovative asset-backed security that helps ARM connect and partner with farmers across the country while serving the needs of the investment community,” said Cory Wishengrad, Head of Fixed Income for Guggenheim Securities.
The Secured Notes and related Note Guarantees have been offered by private offer to qualified institutional purchasers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”) and non-US persons in accordance with regulations under the Securities Act. The Exchangeable Notes and the Note Guarantees have been offered to qualified institutional purchasers pursuant to Rule 144A of the Securities Act. The Notes, related note guarantees and any common stock issuable upon the exchange of the Exchangeable Notes have not been and will not be registered under the Securities Act or any state securities law. The Notes, the guarantees attached to the Notes and these shares may not be offered or sold in United States or to, or for the benefit of, unregistered U.S. persons under the registration requirements of securities law and applicable state securities laws or an applicable exemption therefrom.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes or any other securities and does not constitute an offer, solicitation or sale in any jurisdiction in which, or to any person to whom such offer, solicitation or sale would be unlawful.
About Agricultural Resource Management
Founded in 2009, Ag Resource Management (ARM) is a specialist finance company that provides financial and risk management solutions to farmers and agribusinesses. Our teams are highly specialized in agricultural financing and crop insurance. We combine this with proprietary lending technology and a deep understanding of agriculture to craft a personalized strategy for each farm operation. It started as a single office in the Louisiana Delta, and now, based in Fort Worth, TX, ARM’s footprint has expanded to serve customers from 29 field locations in 18 states. They are led by experienced agriculture industry leaders who are committed to the growth and success of each operation.
SOURCE Agricultural Resource Management