{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-23-004757","form_type":"8-K","ticker":null,"cik":"0001289237","company_name":"U. S. Premium Beef, LLC","filed_at":"2023-07-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.478240+00:00","generated_at":"2026-06-13T10:29:24.110200+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"confidence":"high","headline":"US Premium Beef amends promissory note to Daily Simple SOFR plus 2.100% margin with CoBank","bullets":["Amendment dated July 6, 2023 to Amended and Restated Revolving Term Promissory Note with CoBank.","Interest rate changed to Daily Simple SOFR plus a margin of 2.100% per annum.","All other terms, representations, and covenants of the original promissory note remain unchanged.","Amendment reflects transition from LIBOR-based to SOFR-based pricing."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-23-004757","json":"https://secwatch.observer/filing/0001683168-23-004757.json","markdown":"https://secwatch.observer/filing/0001683168-23-004757.md","text":"https://secwatch.observer/filing/0001683168-23-004757.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1289237/000168316823004757/0001683168-23-004757-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1289237/000168316823004757/uspremium_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T10:29:24.110200+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":"5d09c1fd32bcfe6354302925e3723b7fce68e332","claim":"U. S. Premium Beef, LLC amended revolving credit with CoBank, ACB at Daily Simple SOFR Margin (as defined in the Amendment) plus the higher of zero p.","evidence_excerpt":"On July 6, 2023, U.S. Premium Beef, LLC (“USPB”) and CoBank, ACB (“CoBank”) entered into an Amendment to Amended and Restated Revolving Term Promissory Note (the “Amendment”). The Amendment amends and restates Section 5 of the Amended and Restated Revolving Term Promissory Note Number 00001544T01 dated July 13, 2020 between USPB and CoBank to provide for an interest rate equal to the Daily Simple SOFR Margin (as defined in the Amendment) plus the higher of zero percent (0.00%) and Daily Simple SOFR (as defined in the Amendment).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1289237/000168316823004757/0001683168-23-004757-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Counterparty","value":"CoBank, ACB"},{"label":"Rate","value":"Daily Simple SOFR Margin (as defined in the Amendment) plus the higher of zero p"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}