South Dakota Soybean Processors LLC : Material Agreement - Form 8-K
September 22, 2023
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Item 1.01 Entry into a Material Definitive Agreement.
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, amends and restates our revolving term note dated April 27, 2022 ("Restated Revolving Note"), and creates a new multiple advance term note ("Advance Term Note"). See Item 2.03, the information of which is herein incorporated by reference.
South Dakota Soybean Processors LLC published this content on 22 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 September 2023 02:15:21 UTC.
South Dakota Soybean Processors, LLC is an owner and operator of two soybean processing plant and a soybean oil refinery in the state of South Dakota. The Company also owns and operates a small oilseed processing plant near Miller, South Dakota. The Companyâs core business consists of processing locally grown soybeans into soybean meal and soybean oil. It sells the soybean meal primarily to resellers, feed mills, and livestock producers as livestock feed. It markets and sells multiple grades of soybean oil in either crude or refined format. Crude and refined soybean oil are marketed and sold to the food, biodiesel and chemical industries. It also markets and sells contracting services for the construction and management of oilseed processing plants. Its soybean meal is primarily sold to resellers, feed mills, and livestock producers as livestock feed. The meal is primarily sold to customers in the local area (within 200 miles of its Volga plant), Western United States, and Canada.
SOUTH DAKOTA SOYBEAN PROCESSORS, LLC 
