secwatch.observer — SEC 8-K summary
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Issuer:     CHS INC (CHSCP)
CIK:        0000823277
Form:       8-K
Filed at:   2023-04-25T23:59:59+00:00
Accession:  0000823277-23-000027
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CHS enters $2.8B revolving credit facility; extends maturity to April 2028
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- New $2.8B committed revolving credit facility (increase option to $3.5B) replaces $2.75B facility.
- Maturity extended to April 21, 2028, from July 16, 2024; no amounts drawn at closing.
- Includes $200M letter of credit subfacility; unsecured with customary covenants.
- Also amended 2015 term loan credit agreement to align definitions and covenants.
- Financial covenants: min net worth $4B, max leverage 3.5:1, max priority debt 20% of net worth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/823277/000082327723000027/0000823277-23-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/823277/000082327723000027/chscp-20230421.htm
  HTML page:      https://secwatch.observer/filing/0000823277-23-000027

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