---
schema_version: "secwatch.filing_event.v1"
accession: "0001163609-23-000004"
form_type: "8-K"
ticker: "SDSYA"
cik: "0001163609"
company_name: "SOUTH DAKOTA SOYBEAN PROCESSORS LLC"
filed_at: "2023-02-01T23:59:59+00:00"
generated_at: "2026-06-20T03:29:20.610835+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# South Dakota Soybean Processors reduces revolving credit line to $75M from $85M with CoBank

## Summary
- Principal decreased from $85M to $75M under Restated Seasonal Note with CoBank.
- Maturity remains December 1, 2023; all other terms of existing Credit Agreement unchanged.
- Restated Note entered effective January 31, 2023.

## SEC filing metadata
- accession: 0001163609-23-000004
- form_type: 8-K
- ticker: SDSYA
- cik: 0001163609
- company_name: SOUTH DAKOTA SOYBEAN PROCESSORS LLC
- filed_at: 2023-02-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163609/000116360923000004/0001163609-23-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163609/000116360923000004/sdsp-20230131.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001163609-23-000004
- JSON: https://secwatch.observer/filing/0001163609-23-000004.json
- Plain text: https://secwatch.observer/filing/0001163609-23-000004.txt

## Key facts
- Debt Financings
  SOUTH DAKOTA SOYBEAN PROCESSORS LLC amended revolving credit of $75 million with CoBank, ACB maturing December 1, 2023.
  - Instrument: revolving credit
  - Principal: $75 million
  - Counterparty: CoBank, ACB
  - Maturity: December 1, 2023
  - Event: amendment
  source text: On January 31, 2023, we entered into the Restated Seasonal Note with our lender, CoBank, ACB. Under the Restated Seasonal Note, the principal amount that we may borrow is decreased from $85 million to $75 million until the loan's maturity on December 1, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1163609/000116360923000004/0001163609-23-000004-index.htm
- Material Agreements
  SOUTH DAKOTA SOYBEAN PROCESSORS LLC amended Restated Seasonal Note with CoBank, ACB (effective 2023-01-31).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: CoBank, ACB
  - Effective: 2023-01-31
  source text: On January 31, 2023, we entered into an Amended and Restated Revolving Credit Promissory Note ("Restated Seasonal Note") with our lender, CoBank, ACB of Greenwood Village, Colorado.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1163609/000116360923000004/0001163609-23-000004-index.htm

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