secwatch.observer — SEC 8-K summary
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Issuer:     Cardinal Ethanol LLC (—)
CIK:        0001352081
Form:       8-K
Filed at:   2024-02-02T23:59:59+00:00
Accession:  0001352081-24-000004
Event type: m_and_a
Sentiment:  positive
Materiality: 0.60
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cardinal Ethanol subsidiary acquires idled ethanol facility in Colwich, KS for $44M
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- Cardinal Colwich, a wholly owned subsidiary, completed acquisition of substantially all assets of Element, LLC for $44 million.
- The idled facility in Colwich, KS can produce ethanol, high protein distillers grains, and corn oil; idled since April 2023.
- Purchase funded by cash on hand and a $22 million loan from First National Bank of Omaha.
- Cardinal Colwich assumed certain liabilities related to assigned contracts and associated cure costs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1352081/000135208124000004/0001352081-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1352081/000135208124000004/card-20240131.htm
  HTML page:      https://secwatch.observer/filing/0001352081-24-000004

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