{"schema_version":"secwatch.filing_event.v1","accession":"0001359687-24-000017","form_type":"8-K","ticker":null,"cik":"0001359687","company_name":"SOUTH 8 ENERGY, LLC","filed_at":"2024-04-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.080643+00:00","generated_at":"2026-06-03T18:32:15.994169+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Red Trail Energy enters $10M promissory note with Cornerstone Bank, prime minus 0.25% floor 7.5%, due April 2025","bullets":["$10 million Promissory Note with Cornerstone Bank, maturing April 9, 2025.","Interest at prime rate minus 0.25%, with a minimum rate of 7.5%.","Rate adjusts monthly based on Wall Street Journal prime rate.","Loan secured by Modification of Mortgage expanding existing collateral."],"urls":{"canonical":"https://secwatch.observer/filing/0001359687-24-000017","json":"https://secwatch.observer/filing/0001359687-24-000017.json","markdown":"https://secwatch.observer/filing/0001359687-24-000017.md","text":"https://secwatch.observer/filing/0001359687-24-000017.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1359687/000135968724000017/0001359687-24-000017-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1359687/000135968724000017/red-20240412.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T18:32:15.994169+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"253f9020d46d6eaefc8ab1a05c47ff674b45d10e","claim":"SOUTH 8 ENERGY, LLC entered into Promissory Note with Cornerstone Bank valued at $10 million (effective 2024-04-12).","evidence_excerpt":"On April 12, 2024, Red Trail Energy, LLC (the \"Company\") entered into a Promissory Note for a $10 million loan (the \"Promissory Note\") with the Company's primary lender, Cornerstone Bank.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1359687/000135968724000017/0001359687-24-000017-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Cornerstone Bank"},{"label":"Value","value":"$10 million"},{"label":"Effective","value":"2024-04-12"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}