secwatch.observer — SEC 8-K summary
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Issuer:     SOUTH DAKOTA SOYBEAN PROCESSORS LLC (SDSYA)
CIK:        0001163609
Form:       8-K
Filed at:   2025-03-19T23:59:59+00:00
Accession:  0001163609-25-000007
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

South Dakota Soybean Processors amends credit agreement, increases revolver to $65M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163609/000116360925000007/0001163609-25-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163609/000116360925000007/sdsp-20250317.htm
  HTML page:      https://secwatch.observer/filing/0001163609-25-000007

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