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

~~Securities~~Date ~~Exchange~~of ~~Act~~Report (Date of ~~1934~~earliest event reported): January 28, 2026

Date of Report (Date of earliest event reported): November 12, 2025

__________________________

NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION

(Exact name of registrant as specified in its charter)

District of Columbia			1-7102			52-0891669
(state or other jurisdiction of incorporation)			(CommissionFile Number)			(I.R.S. EmployerIdentification No.)

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
20701 Cooperative Way Dulles, VA	20166-6691
(Address of principal executive offices) (Zip Code)
(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 (see General Instruction A.2. below):

☐ ¨ 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))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
7.35% Collateral Trust Bonds, due 2026	NRUC 26	New York Stock Exchange
5.50% Subordinated Notes, due 2064	NRUC	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐      ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐¨

Item 1.01

Entry into a Material Definitive Agreement.

On ~~November~~January 1229, ~~2025~~2026, National Rural Utilities Cooperative Finance Corporation (~~the~~ “~~Company~~CFC”) ~~amended~~closed ~~its~~on ~~three-year~~a ~~and~~$450 ~~four-year~~million ~~revolving~~Series ~~credit~~W ~~agreements~~committed ~~to,~~loan ~~among~~facility ~~other~~from ~~things (i) extend~~ the ~~maturity~~U.S. ~~date~~Treasury ofDepartment’s Federal ~~the~~Financing ~~three-year~~Bank ~~revolving~~(“FFB”) ~~credit~~guaranteed ~~agreement~~by ~~to November 28, 2028 and~~ the ~~maturity~~United ~~date~~States of ~~the four-year revolving credit agreement to November 28~~America, ~~2029,~~acting ~~(ii)~~through ~~remove~~ the ~~credit~~Rural ~~spread~~Utilities ~~adjustment~~Service. Under this inSeries ~~Term~~W ~~SOFR~~facility, ~~tenors~~CFC asis ~~described~~able into ~~each~~borrow ~~agreement~~any ~~and~~time ~~(iii)~~before ~~increase~~July ~~commitments~~15, by2030, ~~$150~~with ~~million~~each ~~under~~advance ~~the~~having ~~three-year~~a ~~revolving~~final ~~credit~~maturity ~~agreement~~not ~~and~~longer ~~$50~~than 30 ~~million~~years ~~under~~from the ~~four-year~~advance ~~revolving~~date. Interest ~~credit~~rates, ~~agreement~~including ~~(excluding~~all ~~the~~fees ~~$150~~(30 ~~million~~basis ~~commitment~~points ~~termination described below). Commitments~~ of ~~$150~~which ~~million~~are ~~that~~used ~~were scheduled~~ to ~~mature~~support onthe ~~November~~United ~~28,~~States Department ~~2026~~of ~~were~~Agriculture’s ~~terminated~~Rural ~~under~~Economic ~~the~~Development ~~four-year~~Loan ~~revolving credit agreement~~ and ~~commitments~~Grant ofProgram), ~~$50 million~~ will ~~continue~~be toat ~~expire~~a atspread ~~the~~over ~~prior~~comparable maturity ~~date~~Treasury Bonds ofas ~~November 28, 2027 under the three-year revolving credit agreement.~~follows:

As10 ofyears ~~the~~or ~~date~~less 42.5 ~~hereof,~~basis the total commitment amounts under the three-year facility and the four-year facility are $1,745 million and $1,755 million, respectively, with the total commitment amount under the two facilities being $3,500 million of which $3,493 million is available due to letter of credit issuances.points

~~The~~Greater ~~foregoing~~than ~~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~~years 55 basis ~~the fiscal quarter ended November 30, 2025.~~points

This new commitment increases total funding available to CFC under committed loan facilities from the FFB to $1,800 million. The proceeds of the guaranteed loans are to be used by CFC to make loans for any utility infrastructure purpose eligible under the Rural Electrification Act of 1936, as amended, or to refinance bonds or notes issued for such purposes.

The foregoing description is a summary and is qualified in its entirely by reference to the agreements themselves, which will be filed as exhibits to the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended February 28, 2026.

Item 8.01

Other Events.

On January 28, 2026, National Rural Utilities Cooperative Finance Corporation (the “Company”) entered into Amendment No. 1 to the Agency Agreement, dated as of October 27, 2023 (the “Agency Agreement”), by and among the Company and RBC Capital Markets, LLC, BMO Capital Markets Corp., FNB America Securities LLC, Huntington Securities, Inc., J.P. Morgan Securities LLC, KeyBanc Capital Markets Inc., Mizuho Securities USA LLC, MUFG Securities Americas Inc., M&T Securities Inc., PNC Capital Markets LLC, Regions Securities LLC, Truist Securities, Inc. and U.S. Bancorp Investments, Inc., as agents (the “Amendment”), relating to the offer and sale by the Company, from time to time, of an unlimited aggregate principal amount of its Medium-Term Notes, Series D. The Amendment removes Scotia Capital (USA) Inc. as an agent and adds BMO Capital Markets Corp., FNB America Securities LLC, Huntington Securities, Inc. and M&T Securities Inc. as agents under the Agency Agreement.

A copy of the Amendment is filed as Exhibit 1.1 to this Current Report on Form 8-K and the description of the material terms of the Amendment in this Item 8.01 is qualified in its entirety by reference to the Amendment, which is incorporated herein by reference.

Item 9.01

Financial Statements and Exhibits.

(d) The following exhibit is filed as part of this report:.

Exhibit No.	Description	~~Description~~
104		Cover Page Interactive Data File (embedded within the inline XBRL document).
1.1	Amendment No. 1 dated as of January 28, 2026, by and among the Company and RBC Capital Markets, LLC, BMO Capital Markets Corp., FNB America Securities LLC, Huntington Securities, Inc., J.P. Morgan Securities LLC, KeyBanc Capital Markets Inc., Mizuho Securities USA LLC, MUFG Securities Americas Inc., M&T Securities Inc., PNC Capital Markets LLC, Regions Securities LLC, Truist Securities, Inc. and U.S. Bancorp Investments, Inc., as agents.
104	Cover Page Interactive Data File (embedded within the inline XBRL document).

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/ Yu Ling Wang Yu Ling Wang Senior Vice President and Chief Financial Officer

ByDated: ~~/s/~~January YU30, ~~LING WANG Yu Ling Wang Senior Vice President and Chief Financial Officer~~2026

Dated: November 12, 2025

Filing Compare · NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP /DC/