---
schema_version: "secwatch.filing_event.v1"
accession: "0001830210-23-000178"
form_type: "8-K"
ticker: null
cik: "0001830210"
company_name: "Benson Hill, Inc."
filed_at: "2023-10-31T23:59:59+00:00"
generated_at: "2026-06-09T04:55:41.111354+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Benson Hill sells Seymour facility for $36M, amends loan with March 2024 maturity, appoints permanent CEO

## Summary
- Sold Seymour, IN soybean crush facility to White River Soy Processing for ~$36M gross proceeds; ~30 employees transferred.
- Fourth Amendment to loan: Maturity accelerated to March 1, 2024; prepayment fee set at 1%; final payment increased 500 bps.
- Loan requires prepayment of net asset-sale proceeds and equity proceeds; must maintain $20M unrestricted cash after certain conditions.
- Deanie Elsner appointed permanent CEO effective Oct 31, 2023; she had served as Interim CEO since June 2023.
- Company shifts to asset-light model, expands into animal feed markets; expects >12 months liquidity after debt payoff.

## SEC filing metadata
- accession: 0001830210-23-000178
- form_type: 8-K
- cik: 0001830210
- company_name: Benson Hill, Inc.
- filed_at: 2023-10-31T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1830210/000183021023000178/0001830210-23-000178-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1830210/000183021023000178/bhil-20231031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001830210-23-000178
- JSON: https://secwatch.observer/filing/0001830210-23-000178.json
- Plain text: https://secwatch.observer/filing/0001830210-23-000178.txt

## Key facts
- Debt Financings
  Benson Hill, Inc. amended credit facility with Avenue Capital Management II, L.P., as administrative agent and collateral agent maturing March 1, 2024.
  - Instrument: credit facility
  - Counterparty: Avenue Capital Management II, L.P., as administrative agent and collateral agent
  - Maturity: March 1, 2024
  - Event: amendment
  source text: The Fourth Amendment amends the Loan and Security Agreement among the Borrowers, the Lenders, and the Agent entered into December 29, 2021
  evidence_url: https://www.sec.gov/Archives/edgar/data/1830210/000183021023000178/0001830210-23-000178-index.htm
- Executive change
  Adrienne Elsner was appointed as Chief Executive Officer at Benson Hill, Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: Effective October 31, 2023, the Board appointed Ms. Elsner as the Company’s Chief Executive Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1830210/000183021023000178/0001830210-23-000178-index.htm
- Material Agreements
  Benson Hill, Inc. entered into Asset Purchase Agreement with White River Soy Processing, LLC valued at approximately $36 million (effective 2023-10-31).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: White River Soy Processing, LLC
  - Value: approximately $36 million
  - Effective: 2023-10-31
  source text: On October 31, 2023, Benson Hill Ingredients, LLC (“Ingredients”), a wholly-owned subsidiary of Benson Hill, Inc. (“Benson Hill” and, with Ingredients, “we,” “us,” “our,” or the “Company”) entered into an asset purchase agreement (the “Asset Purchase Agreement”) with White River Soy Processing, LLC (“White River”), pursuant to which, among other things, on October 31, 2023 (the “Closing”) Ingredients sold to White River the Company’s soybean processing facility located in Seymour, Indiana (the “Facility”), together with certain related assets, for approximately $36 million of total gross proceeds
  evidence_url: https://www.sec.gov/Archives/edgar/data/1830210/000183021023000178/0001830210-23-000178-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.