--- 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" generated_at: "2026-06-03T21:19:13.257503+00:00" event_type: "debt" sentiment: "neutral" materiality_score: 0.65 calibrated_materiality_score: 0.65 confidence: "high" source: SEC EDGAR --- # CHS Inc. enters into $700M note purchase agreement; notes mature 2032-2039 at rates 5.84%-6.13% ## Summary - 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. ## SEC filing metadata - 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 - event_type: debt - sentiment: neutral - materiality_score: 0.65 - calibrated_materiality_score: 0.65 - confidence: high - sec_items: 1.01, 2.03 - 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 ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0000823277-24-000023 - JSON: https://secwatch.observer/filing/0000823277-24-000023.json - Plain text: https://secwatch.observer/filing/0000823277-24-000023.txt ## Key facts - Debt Financings 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 source text: (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_url: https://www.sec.gov/Archives/edgar/data/823277/000082327724000023/0000823277-24-000023-index.htm - Debt Financings 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 source text: 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_url: https://www.sec.gov/Archives/edgar/data/823277/000082327724000023/0000823277-24-000023-index.htm - Debt Financings 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 source text: (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_url: https://www.sec.gov/Archives/edgar/data/823277/000082327724000023/0000823277-24-000023-index.htm - Debt Financings 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 source text: (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_url: https://www.sec.gov/Archives/edgar/data/823277/000082327724000023/0000823277-24-000023-index.htm - Material Agreements 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 source text: 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_url: https://www.sec.gov/Archives/edgar/data/823277/000082327724000023/0000823277-24-000023-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.