Highest-materiality recent filing
South Dakota Soybean Processors amends credit agreement, increases revolver to $65M
Seasonal loan facility reduced from $85M to $70M, maturity extended to December 1, 2025.
South Dakota Soybean Processors enters amended credit agreement with CoBank for new $90M term note
Entered Amended and Restated Credit Agreement with CoBank on September 20, 2023, amending prior 2016 agreement and creating a new multiple advance term note.
SDSP subsidiary High Plains Partners forms JV with bp to co-own $500M crush plant
High Plains Partners (SDSP subsidiary) and BP Products North America (bp) will co-own the High Plains Processing facility in Mitchell, SD.
South Dakota Soybean Processors guarantees $111.35M for new oilseed plant with 35M bushel capacity
Company guaranteed obligations of subsidiary High Plains Partners for investment in High Plains Processing oilseed plant near Mitchell, SD.
SDSP posts record FY2021 net income $28M, EPS $0.92; announces new multi-seed plant in Mitchell, SD
Net income of $28.0M ($0.92 per capital unit) on revenues of $590.2M; gross profit $33.5M, operating profit $28.9M.
SDSP announces new multi-seed processing plant near Mitchell, SD; capacity 35M bushel soybeans/yr
Plant will process 35M bushels soybeans or 1.0M tons hi-oilseed crops annually; operation expected in 2025.
On October 16, 2023, South Dakota Soybean Processors, LLC (the “Company”) hired and appointed Andrew Carlson as VP of Engineering and Innovation.
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.
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.
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.
Max materiality 0.80 · Median 0.50 · Most common event debt