Compeer Financial Closes Preferred Stock Capital Transaction
FOR IMMEDIATE RELEASE
Contact:
Jill Carlson, Public Relations Strategist
[email protected] or (309) 502-2805
Compeer Financial Closes Preferred Stock Capital Transaction
Sun Prairie, Wis., (November 20, 2025) – Compeer Financial, a member-owned Farm Credit cooperative, today announced the closing of its private offering of $300 million in perpetual preferred stock to augment its capital position.
“We’re excited to see such strong interest from the broader investment community in supporting agriculture,” said Jase Wagner, president and CEO of Compeer Financial. “This capital raise reinforces the confidence investors have in rural America and the essential work our clients do every day. Strengthening our capital position helps us continue to provide farmers and agribusinesses with the financial tools they need to grow, adapt and succeed.”
The dividend rate on the preferred stock is 7.875% for the first five years, with subsequent five-year reset periods, and will qualify as Tier 1 capital. Compeer Financial intends to use the net proceeds of the offering to reduce borrowings from AgriBank and provide more capacity to support the capital needs of the organization’s clients.
“The level of investor engagement we saw in this offering underscores a growing recognition that agriculture is a critical part of our national economy,” Wagner said. “We’re grateful for the confidence investors have placed in our cooperative. This capital strengthens our ability to partner with clients in meaningful ways — helping them innovate, manage risk and keep their operations moving forward with confidence.”
Piper Sandler & Co. acted as the sole initial purchaser. McDermott Will & Schulte LLP served as legal counsel to Compeer Financial and Davis Polk & Wardwell LLP served as legal counsel to the initial purchaser.
This press 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 2024 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 Compeer Financial
Compeer Financial is a member-owned Farm Credit cooperative serving and supporting agriculture and rural communities. The $34.3 billion organization provides loans, leases, risk management and other financial services throughout 144 counties in Illinois, Minnesota and Wisconsin. Based in the Upper Midwest, Compeer Financial exists to champion the hopes and dreams of rural America, while providing personalized service and expertise to clients and the agriculture industry.
Compeer Financial is the third largest cooperative of the Farm Credit System, a nationwide network of lending institutions supporting agriculture and rural communities with reliable, consistent credit and financial services. Learn more about Compeer Financial’s patronage program.
