SOUTH DAKOTA SOYBEAN PROCESSORS LLC — fact timeline
Source-grounded facts extracted from SOUTH DAKOTA SOYBEAN PROCESSORS LLC's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
SOUTH DAKOTA SOYBEAN PROCESSORS LLC shareholders approved Election of three members to the board of managers at the 2026-06-16 meeting.
“On the proposal to elect three members to the board of managers, the following persons were elected: District 1: Brandon Hope District 2: Spencer Enninga District 3: Adam Schindler”
Debt Financings
SOUTH DAKOTA SOYBEAN PROCESSORS LLC amended revolving credit of increases from $20 million to $30 million with CoBank, ACB.
“the principal available under the Company's seasonal loan increases from $20 million to $30 million”
Material Agreements
SOUTH DAKOTA SOYBEAN PROCESSORS LLC amended Amended and Restated Revolving Credit Promissory Note with CoBank, ACB (effective 2026-04-09).
“On April 9, 2026, South Dakota Soybean Processors, LLC (the "Company") entered into Amended and Restated Revolving Credit Promissory Note (the "Restated Note") with our lender, CoBank, ACB, which amends and restates our existing Revolving Credit Promissory Note dated November 24, 2025.”
Material Agreements
SOUTH DAKOTA SOYBEAN PROCESSORS LLC amended Amended and Restated Credit Agreement with CoBank, ACB (effective 2025-11-24).
“On November 24, 2025, South Dakota Soybean Processors, LLC (the "Company") entered into Amended and Restated Credit Agreement (the "Restated Credit Agreement") with our lender, CoBank, ACB, which amends and restates our existing Credit Agreement dated March 17, 2025.”
Debt Financings
SOUTH DAKOTA SOYBEAN PROCESSORS LLC amended credit facility of from $70 million to $20 million with CoBank, ACB maturing December 1, 2026.
“the principal available under the Company's seasonal loan decreases from $70 million to $20 million, and the maturity date is extended to December 1, 2026”
Debt Financings
SOUTH DAKOTA SOYBEAN PROCESSORS LLC amended revolving credit with CoBank, ACB maturing March 20, 2030.
“The Restated Term Note extends the maturity date from March 20, 2028 to March 20, 2030.”
Debt Financings
SOUTH DAKOTA SOYBEAN PROCESSORS LLC amended credit facility of increases from $12 million to $65 million with CoBank, ACB maturing March 20, 2028.
“The revolving term loan limit increases from $12 million to $65 million, and starting on March 20, 2025, the amount available for borrowing will be reduced by $3.25 million every six months until the loan matures on March 20, 2028.”
Debt Financings
SOUTH DAKOTA SOYBEAN PROCESSORS LLC amended credit facility of decreases from $85 million to $70 million with CoBank, ACB maturing December 1, 2025.
“The Restated Credit Agreement includes several key changes. The principal available on the seasonal loan decreases from $85 million to $70 million, and the maturity date is extended to December 1, 2025.”
Andrew Carlson was appointed as VP of Engineering and Innovation at SOUTH DAKOTA SOYBEAN PROCESSORS LLC.
“On October 16, 2023, South Dakota Soybean Processors, LLC (the “Company”) hired and appointed Andrew Carlson as VP of Engineering and Innovation.”
Debt Financings
SOUTH DAKOTA SOYBEAN PROCESSORS LLC incurred credit facility of up to $90 million with CoBank, ACB at variable rate option set daily by CoBank; fixed rate option available maturing semi-annual payments of $4.5 million begin October 20, 2024; borrowing available until August 1, 2024.
“Under the Advance Term Note, we may borrow up to $90 million until August 1, 2024, the proceeds of which are to used to finance our investment in High Plains Partners, LLC.”
Debt Financings
SOUTH DAKOTA SOYBEAN PROCESSORS LLC amended revolving credit of $12 million with CoBank, ACB at variable rate option set daily by CoBank; fixed rate option available maturing semi-annual repayments decrease from $2 million to $600,000 starting September 20, 2023; under Restated Revolving Note.
“Under the Restated Revolving Note, the semi-annual repayments on our $12 million loan decrease from $2 million to $600,000 starting on September 20, 2023.”
John Prohaska was appointed as VP of Processing at SOUTH DAKOTA SOYBEAN PROCESSORS LLC.
“On September 19, 2023, the Board of Managers (the “Board”) of South Dakota Soybean Processors, LLC (the “Company”) appointed Carl Odde as Chief Operating Officer, and John Prohaska as VP of Processing, effective October 1, 2023.”
Carl Odde was appointed as Chief Operating Officer at SOUTH DAKOTA SOYBEAN PROCESSORS LLC.
“On September 19, 2023, the Board of Managers (the “Board”) of South Dakota Soybean Processors, LLC (the “Company”) appointed Carl Odde as Chief Operating Officer, and John Prohaska as VP of Processing, effective October 1, 2023.”
Material Agreements
SOUTH DAKOTA SOYBEAN PROCESSORS LLC amended Amended and Restated Credit Agreement with CoBank, ACB (effective 2023-09-20).
“On September 20, 2023, we entered into an Amended and Restated Credit Agreement ("Restated Credit Agreement") with our lender, CoBank, ACB of Greenwood Village, Colorado, which amends and restates our existing Credit Agreement dated December 28, 2016”
Debt Financings
SOUTH DAKOTA SOYBEAN PROCESSORS LLC incurred guarantee of $111.35 million with High Plains Partners, LLC.
“The Company agreed to guarantee certain financial obligations of High Plains Partners, LLC, a South Dakota limited liability company and majority-owned subsidiary of the Company, regarding High Plains Partners’ investment into HPP SD Holdings, LLC, a Delaware limited liability company, the sole purpose of which is to own and operate High Plains Processing, LLC.”
Material Agreements
SOUTH DAKOTA SOYBEAN PROCESSORS LLC entered into guarantee agreement with High Plains Partners, LLC (effective 2023-09-07).
“On September 7, 2023, South Dakota Soybean Processors, LLC (the “Company”) entered into a guarantee agreement regarding an investment in a new oilseed processing plant.”
Shareholder Votes
SOUTH DAKOTA SOYBEAN PROCESSORS LLC shareholders approved Election of nine members to the board of managers at the 2023-06-20 meeting.
“On June 20, 2023, South Dakota Soybean Processors, LLC ("the Company") held it 2023 Annual Meeting of Members in Volga, South Dakota.”
Debt Financings
SOUTH DAKOTA SOYBEAN PROCESSORS LLC amended revolving credit of increased from $75 million to $85 million with CoBank, ACB maturing December 1, 2023.
“the principal amount that we may borrow is increased from $75 million to $85 million until the loan's maturity on December 1, 2023.”
Material Agreements
SOUTH DAKOTA SOYBEAN PROCESSORS LLC amended Amended and Restated Revolving Credit Promissory Note with CoBank, ACB valued at Amended and Restated Revolving Credit Promissory Note with CoBank, ACB (effective 2023-03-02).
“On March 2, 2023, we entered into an Amended and Restated Revolving Credit Promissory Note ("Restated Seasonal Note") with our lender, CoBank, ACB of Greenwood Village, Colorado.”
Debt Financings
SOUTH DAKOTA SOYBEAN PROCESSORS LLC amended revolving credit of $75 million with CoBank, ACB maturing December 1, 2023.
“On January 31, 2023, we entered into the Restated Seasonal Note with our lender, CoBank, ACB. Under the Restated Seasonal Note, the principal amount that we may borrow is decreased from $85 million to $75 million until the loan's maturity on December 1, 2023.”
Material Agreements
SOUTH DAKOTA SOYBEAN PROCESSORS LLC amended Restated Seasonal Note with CoBank, ACB (effective 2023-01-31).
“On January 31, 2023, we entered into an Amended and Restated Revolving Credit Promissory Note ("Restated Seasonal Note") with our lender, CoBank, ACB of Greenwood Village, Colorado.”
Ron Anderson resigned as member of the Board of Managers at SOUTH DAKOTA SOYBEAN PROCESSORS LLC.
“On September 8, 2022, Mr. Ron Anderson resigned as a member of the Board of Managers (“Board”) of South Dakota Soybean Processors, LLC (the “Company”) for personal reasons, effective immediately.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.