CHS Inc. Enters Material Definitive Agreement

TL;DR

CHS Inc. just signed a big financial deal, details to come.

AI Summary

On April 18, 2024, CHS Inc. entered into a material definitive agreement related to a direct financial obligation. The filing does not specify the counterparty or the exact nature of the financial obligation, but it indicates a significant financial event for the company.

Why It Matters

This filing signals a new financial commitment or obligation for CHS Inc., which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement and a direct financial obligation, suggesting potential financial risk or opportunity that is not yet fully disclosed.

Key Players & Entities

• CHS Inc. (company) — Filer of the 8-K
• April 18, 2024 (date) — Date of the earliest event reported

FAQ

Key Financial Figures

• $150,000,000 — es in the aggregate principal amount of $150,000,000 with a maturity date of July 16, 2032 (
• $250,000,000 — es in the aggregate principal amount of $250,000,000 with a maturity date of July 16, 2039 (
• $1,000,000 — of the Notes, in integral multiples of $1,000,000 and in a minimum amount of $5,000,000,
• $5,000,000 — f $1,000,000 and in a minimum amount of $5,000,000, at 100% of the principal amount prepai
• $100,000,000 — for borrowing equal to or greater than $100,000,000, at any time includes any financial cov

Filing Documents

• chscp-20240418.htm (8-K) — 46KB
• 0000823277-24-000023.txt ( ) — 229KB
• chscp-20240418.xsd (EX-101.SCH) — 4KB
• chscp-20240418_def.xml (EX-101.DEF) — 16KB
• chscp-20240418_lab.xml (EX-101.LAB) — 31KB
• chscp-20240418_pre.xml (EX-101.PRE) — 17KB
• chscp-20240418_htm.xml (XML) — 6KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On April 18, 2024, CHS Inc. (the "Company") entered into a Note Purchase Agreement (the "Note Purchase Agreement") with the accredited investors signatory thereto (collectively, the "Purchasers"), pursuant to which the Company will issue and sell, in a private placement, its, (i) Series DD Notes in the aggregate principal amount of $150,000,000 with a maturity date of July 16, 2032 (the "Series DD Notes"), (ii) Series EE Notes in the aggregate principal amount of $150,000,000 with a maturity date of July 16, 2034 (the "Series EE Notes"), (iii) Series FF Notes in the aggregate principal amount of $150,000,000 with a maturity date of July 16, 2037 (the "Series FF Notes") and (iv) Series GG Notes in the aggregate principal amount of $250,000,000 with a maturity date of July 16, 2039 (the "Series GG Notes" together with the Series DD Notes, the Series EE Notes and the Series FF Notes, the "Notes"). The Note Purchase Agreement provides that the Company will issue the Notes to the Purchasers, and that the Purchasers will pay the aggregate purchase price for the Notes to the Company, on July 16, 2024 (the "Closing Date"), subject to the satisfaction of certain customary closing conditions set forth in the Note Purchase Agreement, including, among other things, closing conditions relating the accuracy of the representations and warranties of the Company contained in the Note Purchase Agreement, the absence of any default or event of default under the Note Purchase Agreement, the performance and compliance by the Company with all agreements and conditions contained in the Note Purchase Agreement required to be performed or complied with by it prior to or as of the Closing Date and the delivery of certain legal opinions and closing certificates. The Note Purchase Agreement requires the Company to offer to prepay all of the outstanding Notes in full, together with unpaid accrued interest to the date of prepayment, in

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CHS Inc. Date: April 18, 2024 By: /s/ Olivia Nelligan Olivia Nelligan Executive Vice President, Chief Financial Officer and Chief Strategy Officer