---
schema_version: "secwatch.filing_event.v1"
accession: "0000823277-23-000032"
form_type: "8-K"
ticker: "CHSCP"
cik: "0000823277"
company_name: "CHS INC"
filed_at: "2023-07-12T23:59:59+00:00"
generated_at: "2026-06-13T09:40:22.941893+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# CHS Inc. establishes $200M repurchase facility for loans and receivables with Rabobank

## Summary
- Up to $200M repurchase facility with Coöperatieve Rabobank for eligible loans and receivables.
- Simultaneous entry into Master Framework Agreement and two SIFMA MRAs by CHS and CHS Capital.
- Twelfth Amendment to existing Receivables Purchase Agreement (with MUFG) for immaterial definition and lockbox updates.
- Repurchase facility allows CHS and CHS Capital to sell and repurchase Purchased Securities with repurchase obligation.
- Aggregate obligations under facility not to exceed $200M at any time outstanding.

## SEC filing metadata
- accession: 0000823277-23-000032
- form_type: 8-K
- ticker: CHSCP
- cik: 0000823277
- company_name: CHS INC
- filed_at: 2023-07-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/823277/000082327723000032/0000823277-23-000032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/823277/000082327723000032/chscp-20230711.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000823277-23-000032
- JSON: https://secwatch.observer/filing/0000823277-23-000032.json
- Plain text: https://secwatch.observer/filing/0000823277-23-000032.txt

## Key facts
- Debt Financings
  CHS INC incurred credit facility of $200 million with Coöperatieve Rabobank, U.A., New York Branch.
  - Instrument: credit facility
  - Principal: $200 million
  - Counterparty: Coöperatieve Rabobank, U.A., New York Branch
  - Event: incurrence
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/823277/000082327723000032/0000823277-23-000032-index.htm
- Material Agreements
  CHS INC entered into Repurchase Facility (Master Framework Agreement and 1996 SIFMA Master Repurchase Agreements) with Coöperatieve Rabobank, U.A., New York Branch valued at $200,000,000 (effective 2023-07-11).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Coöperatieve Rabobank, U.A., New York Branch
  - Value: $200,000,000
  - Effective: 2023-07-11
  source text: 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).
  evidence_url: https://www.sec.gov/Archives/edgar/data/823277/000082327723000032/0000823277-23-000032-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.