CHS INC (CHSCP): debt financing — CHS Inc. enters into $700M note purchase agreement; notes mature 2032-2039 at rates 5.84%-6.13%

CHS INC

Series DD $150M at 5.84% due 2032; EE $150M at 5.93% due 2034; FF $150M at 6.05% due 2037; GG $250M at 6.13% due 2039.
Net proceeds for general corporate purposes, including funding capital expenditures and investments.
Financial covenants: leverage ratio ≤3.50x, adjusted funded debt/net worth ≤0.80x, priority debt ≤20% of net worth.
Notes are unsecured senior debt; change-in-control triggers mandatory prepayment offer.
Closing scheduled for July 16, 2024, subject to customary conditions.

Key facts

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 senior notes of $250,000,000 with the accredited investors signatory thereto (collectively, the "Purchasers") at 6.13% maturing July 16, 2039.

Instrument: senior notes
Principal: $250,000,000
Counterparty: the accredited investors signatory thereto (collectively, the "Purchasers")
Rate: 6.13%
Maturity: July 16, 2039
Event: incurrence

Exact text from the filing

(iv) Series GG Notes in the aggregate principal amount of $250,000,000 with a maturity date of July 16, 2039 (the “Series GG Notes" together with the Series DD Notes, the Series EE Notes and the Series FF Notes, the “Notes")

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CHS INC incurred senior notes of $150,000,000 with the accredited investors signatory thereto (collectively, the "Purchasers") at 5.84% maturing July 16, 2032.

Instrument: senior notes
Principal: $150,000,000
Counterparty: the accredited investors signatory thereto (collectively, the "Purchasers")
Rate: 5.84%
Maturity: July 16, 2032
Event: incurrence

Exact text from the filing

On April 18, 2024, CHS Inc. (the “Company”) entered into a Note Purchase Agreement (the “Note Purchase Agreement”) with the accredited investors signatory thereto (collectively, the “Purchasers”), pursuant to which the Company will issue and sell, in a private placement, its, (i) Series DD Notes in the aggregate principal amount of $150,000,000 with a maturity date of July 16, 2032 (the “Series DD Notes")

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CHS INC incurred senior notes of $150,000,000 with the accredited investors signatory thereto (collectively, the "Purchasers") at 5.93% maturing July 16, 2034.

Instrument: senior notes
Principal: $150,000,000
Counterparty: the accredited investors signatory thereto (collectively, the "Purchasers")
Rate: 5.93%
Maturity: July 16, 2034
Event: incurrence

Exact text from the filing

(ii) Series EE Notes in the aggregate principal amount of $150,000,000 with a maturity date of July 16, 2034 (the “Series EE Notes")

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CHS INC incurred senior notes of $150,000,000 with the accredited investors signatory thereto (collectively, the "Purchasers") at 6.05% maturing July 16, 2037.

Instrument: senior notes
Principal: $150,000,000
Counterparty: the accredited investors signatory thereto (collectively, the "Purchasers")
Rate: 6.05%
Maturity: July 16, 2037
Event: incurrence

Exact text from the filing

(iii) Series FF Notes in the aggregate principal amount of $150,000,000 with a maturity date of July 16, 2037 (the “Series FF Notes")

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CHS INC entered into Note Purchase Agreement with the accredited investors signatory thereto (collectively, the "Purchasers") valued at $700,000,000 (effective 2024-04-18).

Action: entry
Agreement: notes offering
Counterparty: the accredited investors signatory thereto (collectively, the "Purchasers")
Value: $700,000,000
Effective: 2024-04-18

Exact text from the filing

On April 18, 2024, CHS Inc. (the “Company”) entered into a Note Purchase Agreement (the “Note Purchase Agreement”) with the accredited investors signatory thereto (collectively, the “Purchasers”), pursuant to which the Company will issue and sell, in a private placement, its, (i) Series DD Notes in the aggregate principal amount of $150,000,000 with a maturity date of July 16, 2032 (the “Series DD Notes”), (ii) Series EE Notes in the aggregate principal amount of $150,000,000 with a maturity date of July 16, 2034 (the “Series EE Notes”), (iii) Series FF Notes in the aggregate principal amount of $150,000,000 with a maturity date of July 16, 2037 (the “Series FF Notes”) and (iv) Series GG Notes in the aggregate principal amount of $250,000,000 with a maturity date of July 16, 2039 (the “Series GG Notes” together with the Series DD Notes, the Series EE Notes and the Series FF Notes, the “Notes”).

View on SEC.gov

310 debt financings filed in the last 30 days. Browse all debt financings →

CHS INC filing history →

Source: SEC EDGAR

accession 0000823277-24-000023

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.