{"schema_version":"secwatch.filing_event.v1","accession":"0000823277-24-000023","form_type":"8-K","ticker":"CHSCP","cik":"0000823277","company_name":"CHS INC","filed_at":"2024-04-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.082392+00:00","generated_at":"2026-06-03T21:19:13.257503+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"CHS Inc. enters into $700M note purchase agreement; notes mature 2032-2039 at rates 5.84%-6.13%","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000823277-24-000023","json":"https://secwatch.observer/filing/0000823277-24-000023.json","markdown":"https://secwatch.observer/filing/0000823277-24-000023.md","text":"https://secwatch.observer/filing/0000823277-24-000023.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/823277/000082327724000023/0000823277-24-000023-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/823277/000082327724000023/chscp-20240418.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T21:19:13.257503+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3657e88548d25a8769fd7d7608654c30c39244a0","claim":"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.","evidence_excerpt":"(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\")","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/823277/000082327724000023/0000823277-24-000023-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$250,000,000"},{"label":"Counterparty","value":"the accredited investors signatory thereto (collectively, the \"Purchasers\")"},{"label":"Rate","value":"6.13%"},{"label":"Maturity","value":"July 16, 2039"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"6f2fe621284508a8953dfedd6559599dd7d33630","claim":"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.","evidence_excerpt":"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\")","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/823277/000082327724000023/0000823277-24-000023-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$150,000,000"},{"label":"Counterparty","value":"the accredited investors signatory thereto (collectively, the \"Purchasers\")"},{"label":"Rate","value":"5.84%"},{"label":"Maturity","value":"July 16, 2032"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"91619908bb7b61a18cf3754b156a67086285cf6e","claim":"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.","evidence_excerpt":"(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\")","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/823277/000082327724000023/0000823277-24-000023-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$150,000,000"},{"label":"Counterparty","value":"the accredited investors signatory thereto (collectively, the \"Purchasers\")"},{"label":"Rate","value":"5.93%"},{"label":"Maturity","value":"July 16, 2034"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"f3e28900b8f74d009be64de550f9a506bb66e29c","claim":"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.","evidence_excerpt":"(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\")","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/823277/000082327724000023/0000823277-24-000023-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$150,000,000"},{"label":"Counterparty","value":"the accredited investors signatory thereto (collectively, the \"Purchasers\")"},{"label":"Rate","value":"6.05%"},{"label":"Maturity","value":"July 16, 2037"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"0c5b3fabc351c6ea6abab4246bb04e1afb1fee14","claim":"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).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/823277/000082327724000023/0000823277-24-000023-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"the accredited investors signatory thereto (collectively, the \"Purchasers\")"},{"label":"Value","value":"$700,000,000"},{"label":"Effective","value":"2024-04-18"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}