---
schema_version: "secwatch.filing_event.v1"
accession: "0001163609-23-000034"
form_type: "8-K"
ticker: "SDSYA"
cik: "0001163609"
company_name: "SOUTH DAKOTA SOYBEAN PROCESSORS LLC"
filed_at: "2023-09-13T23:59:59+00:00"
generated_at: "2026-06-10T18:51:44.628850+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# South Dakota Soybean Processors guarantees $111.35M for new oilseed plant with 35M bushel capacity

## Summary
- Company guaranteed obligations of subsidiary High Plains Partners for investment in High Plains Processing oilseed plant near Mitchell, SD.
- Facility expected to process approximately 35 million bushels of soybeans and other oilseeds annually.
- Company committed to contribute at least $111.35M; $24.06M contributed as of Sept 7, 2023, balance during construction.
- High Plains Partners total commitment to the project is at least $192M.

## SEC filing metadata
- accession: 0001163609-23-000034
- form_type: 8-K
- ticker: SDSYA
- cik: 0001163609
- company_name: SOUTH DAKOTA SOYBEAN PROCESSORS LLC
- filed_at: 2023-09-13T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163609/000116360923000034/0001163609-23-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163609/000116360923000034/sdsp-20230907.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001163609-23-000034
- JSON: https://secwatch.observer/filing/0001163609-23-000034.json
- Plain text: https://secwatch.observer/filing/0001163609-23-000034.txt

## Key facts
- Debt Financings
  SOUTH DAKOTA SOYBEAN PROCESSORS LLC incurred guarantee of $111.35 million with High Plains Partners, LLC.
  - Instrument: guarantee
  - Principal: $111.35 million
  - Counterparty: High Plains Partners, LLC
  - Event: incurrence
  source text: The Company agreed to guarantee certain financial obligations of High Plains Partners, LLC, a South Dakota limited liability company and majority-owned subsidiary of the Company, regarding High Plains Partners’ investment into HPP SD Holdings, LLC, a Delaware limited liability company, the sole purpose of which is to own and operate High Plains Processing, LLC.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1163609/000116360923000034/0001163609-23-000034-index.htm
- Material Agreements
  SOUTH DAKOTA SOYBEAN PROCESSORS LLC entered into guarantee agreement with High Plains Partners, LLC (effective 2023-09-07).
  - Action: entry
  - Counterparty: High Plains Partners, LLC
  - Effective: 2023-09-07
  source text: On September 7, 2023, South Dakota Soybean Processors, LLC (the “Company”) entered into a guarantee agreement regarding an investment in a new oilseed processing plant.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1163609/000116360923000034/0001163609-23-000034-index.htm

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