secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHWEST IOWA RENEWABLE ENERGY, LLC (—)
CIK:        0001424844
Form:       8-K
Filed at:   2023-03-29T23:59:59+00:00
Accession:  0001140361-23-014477
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Southwest Iowa Renewable Energy amends credit agreement, reduces term loan to $11.25M, extends revolver maturity
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- Term loan maximum reduced from $18.75M to $11.25M; interest spread cut from 3.25% to 3.15%.
- Mandatory principal payment of $3.75M due Sept 1, 2023; remaining balance matures Nov 15, 2024.
- Revolving credit note maturity extended from Feb 1, 2023 to April 1, 2024 with one-year renewal option.
- Revolving credit note spread reduced from 3.10% to 3.00% per annum.
- Revolving term note spread also decreased from 3.25% to 3.15% per annum.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1424844/000114036123014477/0001140361-23-014477-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1424844/000114036123014477/brhc10050423_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-014477

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