International law firm McDermott Will & Schulte represented Compeer Financial, a member-owned Farm Credit cooperative supporting agriculture and rural communities, in its $300 million offering of preferred stock to augment its capital position. The five-year fixed-rate reset perpetual preferred stock qualifies as Tier 1 capital.

Compeer Financial intends to use the net proceeds of the offering to reduce outstanding borrowings and provide more capacity to support the capital needs of its clients.

The McDermott team was led by Eric Orsic and Diana Douglas and included Kevin Feeley, Riley O’Farrell, and Dan Zucker.

Read Compeer Financial’s press release here.

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