debt
confidence high
sentiment neutral
materiality 0.65
South Dakota Soybean Processors amends credit agreement, increases revolver to $65M
SOUTH DAKOTA SOYBEAN PROCESSORS LLC
- Seasonal loan facility reduced from $85M to $70M, maturity extended to December 1, 2025.
- Revolving term loan limit increased from $12M to $65M, amortizing $3.25M every six months starting March 20, 2025.
- Revolving term loan matures March 20, 2028; loan for subsidiary High Plains Partners consolidated into it.
- Financial covenants revised including maintenance of specific ratios, investment limits, and distribution restrictions.
- All other material terms from the prior credit agreement dated September 20, 2023 remain unchanged.