SOUTH DAKOTA SOYBEAN PROCESSORS LLC (SDSYA): debt financing — South Dakota Soybean Processors increases revolving credit facility from $75M to $85M with CoBank

SOUTH DAKOTA SOYBEAN PROCESSORS LLC

Principal amount increased from $75M to $85M under Restated Seasonal Note with CoBank.
Maturity date remains December 1, 2023.
All other terms under the 2016 Credit Agreement unchanged.

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

SOUTH DAKOTA SOYBEAN PROCESSORS LLC amended revolving credit of increased from $75 million to $85 million with CoBank, ACB maturing December 1, 2023.

Instrument: revolving credit
Principal: increased from $75 million to $85 million
Counterparty: CoBank, ACB
Maturity: December 1, 2023
Event: amendment

Exact text from the filing

the principal amount that we may borrow is increased from $75 million to $85 million until the loan's maturity on December 1, 2023.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

SOUTH DAKOTA SOYBEAN PROCESSORS LLC amended Amended and Restated Revolving Credit Promissory Note with CoBank, ACB valued at Amended and Restated Revolving Credit Promissory Note with CoBank, ACB (effective 2023-03-02).

Action: amendment
Agreement: credit facility
Counterparty: CoBank, ACB
Value: Amended and Restated Revolving Credit Promissory Note with CoBank, ACB
Effective: 2023-03-02

Exact text from the filing

On March 2, 2023, we entered into an Amended and Restated Revolving Credit Promissory Note ("Restated Seasonal Note") with our lender, CoBank, ACB of Greenwood Village, Colorado.

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Source: SEC EDGAR

accession 0001163609-23-000014

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