secwatch.observer — SEC 8-K summary
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Issuer:     CHS INC (CHSCP)
CIK:        0000823277
Form:       8-K
Filed at:   2023-01-25T23:59:59+00:00
Accession:  0000823277-23-000014
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CHS Inc. issues $150M 5.68% senior notes due 2030 in private placement
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- Issued $150M Series CC Senior Notes due Jan 24, 2030 at 5.68% fixed rate; rate steps up to 6.68% max if leverage high and no investment grade.
- Notes unsecured, rank pari passu with other unsecured senior debt; net proceeds for general corporate purposes, capex, investments, refinancing.
- Financial covenants: leverage ratio ≤ 3.50x, adjusted funded debt to net worth ≤ 0.80x, priority debt limit ≤ 20% of net worth.
- Change-in-control prepayment triggered if any party acquires >50% voting power.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/823277/000082327723000014/0000823277-23-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/823277/000082327723000014/chscp-20230124.htm
  HTML page:      https://secwatch.observer/filing/0000823277-23-000014

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer