South Dakota Soybean Processors LLC
04/13/2026 | Press release | Distributed by Public on 04/13/2026 13:32
Material Agreement, Financial Obligation (Form 8-K)
Item 1.01 Entry into a Material Definitive Agreement.
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.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
On April 9, 2026, we entered into the Restated Note with our lender, CoBank, ACB. Under the Restated Note, the principal available under the Company's seasonal loan increases from $20 million to $30 million.
All other material items and conditions under the Credit Agreement dated March 17, 2025, and subsequent amendments to such agreement, remain the same following the Restated Note. The Restated Note will be filed as an exhibit in our next periodic report.
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