CHS INC (CHSCP): debt financing — CHS Inc. establishes $200M repurchase facility for loans and receivables with Rabobank

Under the Repurchase Facility, CHS and CHS Capital may each request that the MFA Buyer transfer funds to them in exchange for a sale and transfer of certain eligible loans owing to CHS or CHS Capital, as applicable (the “ Eligible Loans ”), and certain eligible accounts receivable owing to CHS or CHS Capital, as applicable (the “ Eligible Accounts ”) and the related transfer of securities from CHS and CHS Capital, as applicable, representing such underlying transfer of Eligible Loans and Eligible Receivables (the “ Purchased Securities ”), with a simultaneous agreement by CHS or CHS Capital, as applicable, to repurchase Purchased Securities from time to time through the transfer funds to the MFA Buyer at a date certain or on the MFA Buyer’s demand (collectively, the “Transactions”). The aggregate obligations of CHS and CHS Capital owed to the MFA Buyer in exchange for the obligation to repurchase the Purchased Securities is not to exceed $200 million at any time outstanding.

On July 11, 2023, (i) the Company entered into a Master Framework Agreement (the “ Framework Agreement ”) by and among the Company, as a seller and as agent for the sellers, CHS Capital, LLC (“ CHS Capital ”) as a seller, and Coöperatieve Rabobank, U.A., New York Branch, as buyer (the “ MFA Buyer ”), (ii) the Company entered into a 1996 SIFMA Master Repurchase Agreement (the “ Company MRA ”) between the Company and the MFA Buyer in connection with the Framework Agreement, including Annex I thereto (and as amended thereby), and (iii) CHS Capital entered into a 1996 SIFMA Master Repurchase Agreement (together with the Framework Agreement and the Company MRA, the “ Repurchase Facility ”) between CHS Capital and the MFA Buyer in connection with the Framework Agreement, including Annex I thereto (and as amended thereby).