CHS Inc. Files 8-K on Material Agreements

TL;DR

CHS Inc. filed an 8-K on 10/29/24 detailing material agreements and financial obligations.

AI Summary

CHS Inc. entered into a material definitive agreement on October 29, 2024, related to its preferred stock. The filing also details obligations under off-balance sheet arrangements and includes financial statements and exhibits. CHS Inc. is a wholesale distributor of farm product raw materials.

Why It Matters

This filing indicates significant financial or contractual developments for CHS Inc., potentially impacting its financial obligations and strategic direction.

Risk Assessment

Risk Level: medium — The filing concerns material definitive agreements and financial obligations, which can carry inherent risks depending on the specifics not fully detailed in this summary.

Key Players & Entities

• CHS INC (company) — Filer of the 8-K report
• CENEX HARVEST STATES COOPERATIVES (company) — Former company name of CHS Inc.
• HARVEST STATES COOPERATIVES (company) — Former company name of CHS Inc.

FAQ

Key Financial Figures

• $300,000,000 — for revolving loans in an amount up to $300,000,000 (as such amount may be increased from t
• $250,000,000 — (as defined below), up to an additional $250,000,000 in accordance with the terms of the Fif

Filing Documents

• chscp-20241029.htm (8-K) — 43KB
• ex101fifthamendmentcredita.htm (EX-10.1) — 1077KB
• 0000823277-24-000039.txt ( ) — 1461KB
• chscp-20241029.xsd (EX-101.SCH) — 3KB
• chscp-20241029_def.xml (EX-101.DEF) — 16KB
• chscp-20241029_lab.xml (EX-101.LAB) — 31KB
• chscp-20241029_pre.xml (EX-101.PRE) — 17KB
• chscp-20241029_htm.xml (XML) — 6KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. 2015 Credit Agreement Amendment On October 29, 2024 (the "Fifth Amendment Effective Date"), CHS Inc. (the "Company") entered into a Fifth Amendment (the "Fifth Amendment") to that certain Credit Agreement (5-Year Term Revolver Loan) (previously referred to as the 2015 Credit Agreement (10-Year Term Loan)) (the "2015 Term Loan Credit Agreement"), dated as of September 4, 2015, as amended by the First Amendment to the 2015 Term Loan Credit Agreement, dated as of June 30, 2016, as amended by the Second Amendment to the 2015 Term Loan Credit Agreement, dated as of July 16, 2019, as amended by the Third Amendment to the 2015 Term Loan Credit Agreement, dated as of February 19, 2021 and as amended by the Fourth Amendment to the 2015 Term Loan Credit Agreement, dated as of April 21, 2023 by and between the Company, CoBank, ACB ("CoBank") for its own benefit as a lender and as the administrative agent for the benefit of the present and future lenders, and the other lenders party thereto. The Fifth Amendment, among other things, provides for revolving loans in an amount up to $300,000,000 (as such amount may be increased from time to time following the completion of the Revolving Availability Period (as defined below), up to an additional $250,000,000 in accordance with the terms of the Fifth Amendment), which can be borrowed, prepaid and reborrowed for a period beginning on the Fifth Amendment Effective Date until the first anniversary of the Fifth Amendment Effective Date, as such period may be extended until a date that is no later than the second anniversary of the Fifth Amendment Effective Date (such period, including as may extended, the "Availability Period"). Upon expiration of the Availability Period, the total revolving loan balance will convert to a non-revolving term loan that is payable in full on the fifth anniversary of the Fifth Amendment Effective Date. The revolving loans will be used, in part, to

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. Exhibit No. Description 10.1 Fifth Amendment, dated as of October 29, 2024, to that certain Credit Agreement (5-Year Term Revolver Loan) (previously referred to as the 2015 Credit Agreement (10-Year Term Loan)), dated as of September 4, 2015, as amended. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

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: October 31, 2024 By: /s/ Olivia Nelligan Olivia Nelligan Executive Vice President, Chief Financial Officer and Chief Strategy Officer