CHS Inc. Enters Material Definitive Agreement

TL;DR

CHS Inc. just signed a big financial deal, could affect their balance sheet.

AI Summary

On August 28, 2024, CHS Inc. entered into a material definitive agreement related to a direct financial obligation. The filing indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant.

Why It Matters

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

Risk Assessment

Risk Level: medium — Entering into new financial obligations can introduce financial risk, depending on the terms and the company's overall financial health.

Key Players & Entities

• CHS Inc. (company) — Registrant
• August 28, 2024 (date) — Date of report and earliest event

FAQ

Filing Documents

• chscp-20240828.htm (8-K) — 40KB
• 0000823277-24-000033.txt ( ) — 221KB
• chscp-20240828.xsd (EX-101.SCH) — 4KB
• chscp-20240828_def.xml (EX-101.DEF) — 16KB
• chscp-20240828_lab.xml (EX-101.LAB) — 31KB
• chscp-20240828_pre.xml (EX-101.PRE) — 17KB
• chscp-20240828_htm.xml (XML) — 6KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. Securitization Facility Amendment On August 28, 2024, CHS Inc. (the " Company ") entered into a Fourteenth Amendment (the " Receivables Purchase Agreement Amendment "), by and among Cofina Funding, LLC (" Cofina Funding "), an indirect subsidiary of the Company, as seller, the Company, as servicer, and, solely with respect to Section 6 of the Receivables Purchase Agreement Amendment, as the performance guarantor, each of the conduit purchasers, committed purchasers and purchaser agents set forth on the signature pages thereto and MUFG Bank, Ltd. (f/k/a The Bank of Tokyo-Mitsubishi UFJ, Ltd., New York Branch), as administrative agent (" MUFG "), to that certain Amended and Restated Receivables Purchase Agreement, dated as of July 18, 2017, by and among Cofina Funding, the Company, the purchasers and the purchaser agents party thereto and MUFG (as previously amended, the " Receivables Purchase Agreement "). The Receivables Purchase Agreement Amendment further amends and restates the Receivables Purchase Agreement to extend the term of the Company's receivables and loans securitization facility provided under the Receivables Purchase Agreement to August 27, 2025, unless terminated earlier pursuant to the terms of the Receivables Purchase Agreement. Repurchase Facility Amendment On August 28, 2024, the Company entered into an Omnibus Amendment No. 2 (the " Omnibus Amendment "), by and among Coperatieve Rabobank U.A., New York Branch, a Dutch coperatieve acting through its New York Branch (" Rabobank "), as buyer, the Company and CHS Capital, LLC, a Minnesota limited liability company (" CHS Capital "), as sellers, the Company, as agent for the sellers and solely for purposes of Section 7.3 of the Omnibus Amendment, as guarantor, to that certain Master Framework Agreement, dated July 11, 2023, by and among Rabobank, the Company and CHS Capital (as previously amended, the " Framework Agreement "). The Omnibus A

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: August 28, 2024 By: /s/ Olivia Nelligan Olivia Nelligan Executive Vice President, Chief Financial Officer and Chief Strategy Officer