secwatch.observer — SEC 8-K summary
======================================

Issuer:     SOUTH 8 ENERGY, LLC (—)
CIK:        0001359687
Form:       8-K
Filed at:   2024-04-18T23:59:59+00:00
Accession:  0001359687-24-000017
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Red Trail Energy enters $10M promissory note with Cornerstone Bank, prime minus 0.25% floor 7.5%, due April 2025
--------------------------------------------------------------------------------

- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1359687/000135968724000017/0001359687-24-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1359687/000135968724000017/red-20240412.htm
  HTML page:      https://secwatch.observer/filing/0001359687-24-000017

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer