Item 1.01. Entry into a Material Definitive Agreement.

Effective September 21, 2022, Southwest Iowa Renewable Energy, LLC (the "Company") entered into Amendment No. 1 (the "Amendment") to the First Amended and Restated Credit Agreement with Farm Credit Services of America, FLCA ("FLCA"), Farm Credit Services of America, PCA ("PCA") and CoBank, ACB ("CoBank"), to amend the Company's existing Credit Agreement dated as of July 18, 2022 (the "Credit Agreement").

The Amendment amends and restates the Company's Second Amended and Restated Revolving Term Note dated July 18, 2022 (the "Existing Revolving Term Note") in its entirety, replacing it with the Third Amended and Restated Revolving Term Note dated September 21, 2022, (the "Restated Revolving Term Note"). The Restated Revolving Term Note extends the maturity date of the Existing Revolving Term Note to September 1, 2027.

The Amendment also makes certain amendments to the Credit Agreement including the following:

? Amends the definition of Permitted Indebtedness to increase the aggregate

principal amount of indebtedness the Company may incur to $5,000,000 (less the

current balance of any Existing Indebtedness (as defined in the Credit

Agreement)).

? Amends the negative covenant relating to the payment of dividends or other

distributions to include the purchase, redemption, retirement or acquisition of

the Company's units.

? Increases the amount of payments the Company can make under its Operating

Leases (as defined in the Credit Agreement) to $1,000,000.

Except as set forth in the Amendment and the Restated Revolving Term Note, all other terms of the Credit Agreement remain in full force and effect. The credit facility continues to be secured by substantially all of the Company's assets.

The foregoing description of the Amendment and Restated Revolving Term Note do not purport to be complete and are qualified in their entirety by reference to the full text of these documents, which are filed as Exhibits 10.1 and 10.2 to this Current Report on Form 8-K and incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an

Off-Balance Sheet Arrangement of a Registrant.

The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03, as if fully set forth herein.

Item 9.01. Financial Statements and Exhibits





(d) Exhibits

  Exhibit    Description
   Number
    10.1     Amendment No. 1 to the First Amended and Restated Credit Agreement
             dated September 21, 2022 by and among Southwest Iowa Renewable
             Energy, LLC, Farm Credit Services of America, FLCA, Farm Credit
             Services of America, PCA and CoBank, ACB
    10.2     Third Amended and Restated Revolving Term Note dated September 21,
             2022

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