Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
CHS INC incurred revolving credit of $2,800,000,000 with CoBank, ACB and Sumitomo Mitsui Banking Corporation at Term SOFR Rate, plus an applicable margin maturing April 21, 2028.
- Instrument
- revolving credit
- Principal
- $2,800,000,000
- Counterparty
- CoBank, ACB and Sumitomo Mitsui Banking Corporation
- Rate
- Term SOFR Rate, plus an applicable margin
- Maturity
- April 21, 2028
- Event
- incurrence
Exact text from the filing
The 2023 Revolving Credit Agreement provides for a committed revolving credit facility in the amount of $2,800,000,000, subject to an increase option under the 2023 Revolving Credit Agreement to an aggregate committed amount not exceeding $3,500,000,000. The 2023 Revolving Credit Agreement expires on April 21, 2028
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
CHS INC amended 2023 Third Amended and Restated Credit Agreement (5-Year Revolving Loan) with CoBank, ACB, and other lenders valued at $2,800,000,000 (effective 2023-04-21).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- CoBank, ACB, and other lenders
- Value
- $2,800,000,000
- Effective
- 2023-04-21
Exact text from the filing
On April 21, 2023, CHS Inc. (the "Company") entered into a 2023 Third Amended and Restated Credit Agreement (5-Year Revolving Loan) (the "2023 Revolving Credit Agreement") with CoBank, ACB ("CoBank"), for its own benefit as a lender and as the administrative agent and the bid agent for the benefit of the present and future lenders, Sumitomo Mitsui Banking Corporation, for its own benefit as a lender and as the syndication agent, and the other lenders thereto, which 2023 Revolving Credit Agreement amends and restates the 2019 Amended and Restated Credit Agreement (5-Year Revolving Loan) (the "2019 Revolving Credit Agreement"), dated as of July 16, 2019
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.7
CHS INC amended 2015 Term Loan Credit Agreement Amendment (effective 2023-04-21).
- Action
- amendment
- Agreement
- credit facility
- Effective
- 2023-04-21
Exact text from the filing
In connection with the execution of the 2023 Revolving Credit Agreement, on April 21, 2023, the Company also entered into a Fourth Amendment (the "2015 Term Loan Credit Agreement Amendment") to that certain 2015 Credit Agreement (10-Year Term Loan) (the "2015 Term Loan Credit Agreement"), dated as of September 4, 2015, as amended by the First Amendment to the 2015 Term Loan Credit Agreement, dated as of June 30, 2016, as amen
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