Southwest Iowa Renewable Energy, LLC announced effective March 28, 2023, the Company) entered into Amendment No. 2 to the First Amended and Restated Credit Agreement with Farm Credit Services of America, FLCA, Farm Credit Services of America, PCA and CoBank, ACB to amend the Company's existing Credit Agreement dated as of July 18, 2022, as amended by Amendment No. 1 dated as of September 21, 2022.

The Amendment amended and restated the Company's: Third Amended and Restated Term Note dated July 18, 2022 in its entirety, replacing it with the Fourth Amended and Restated Term Note dated March 28, 2023 to make the following modifications: reduce the maximum principal amount from $18,750,000 to $11,250,000; decrease the Daily Simple SOFR Rate Spread from 3.25% to 3.15% per annum; and provide for a single principal payment of $3,750,000 due and payable on September 1, 2023 with all other outstanding amounts due upon the maturity date which remains November 15, 2024. Third Amended and Restated Revolving Term Note dated September 21, 2022 in its entirety, replacing it with the Fourth Amended and Restated Revolving Term Note dated March 28, 2023 to decrease the Daily Simple SOFR Rate Spread from 3.25% to 3.15% per annum. Fourth Amended and Restated Revolving Credit Note dated July 18, 2022 in its entirety, replacing it with the Fifth Amended and Restated Revolving Credit Note dated March 28, 2023 to make the following modifications: extend the maturity date from February 1, 2023 to April 1, 2024; incorporate a one-year renewal option period exercisable by CoBank upon approval by PCA by written notice to the Company prior to the maturity date; and decrease the Daily Simple SOFR Rate Spread from 3.10% to 3.00% per annum.