CHS Inc. Amends Securitization and Repurchase Facilities; Extends to Aug 2027

What Happened

• CHS Inc. (CHSCP) filed an 8-K on August 26, 2026 (Item 1.01) announcing two omnibus amendments to its financing arrangements: Omnibus Amendment No. 16 to the Receivables Purchase Agreement and Sale and Contribution Agreement, and Omnibus Amendment No. 4 to the Master Framework (repurchase) Agreement.
• The Receivables Purchase Agreement amendment (involving Cofina Funding, LLC; CHS Capital, LLC; MUFG Bank, Ltd.; and various purchasers) extends the term of the company’s receivables and loans securitization facility to August 25, 2027 and implements pricing revisions, including removal of the credit spread adjustment.
• The repurchase financing amendment with Coöperatieve Rabobank U.A., New York Branch extends the scheduled term of the Company’s repurchase facility under the Framework Agreement to August 25, 2027.
• The filing (Item 2.03) also reports the creation of direct financial obligations tied to these amended facilities, with CHS acting as servicer and guarantor in specified capacities.

Key Details

• Filing date: August 26, 2026 (8-K, Items 1.01 and 2.03).
• New scheduled maturity/term date for both facilities: August 25, 2027.
• Parties: Cofina Funding, LLC (seller), CHS Inc. (servicer/guarantor), CHS Capital, LLC (originator), MUFG Bank (administrative agent); and Rabobank (buyer) under the repurchase framework.
• Notable change: pricing revisions to the securitization facility, including removal of a credit spread adjustment.

Why It Matters

• These amendments preserve CHS’s securitization and repurchase financing arrangements through August 25, 2027, maintaining established sources of receivables and repurchase funding.
• The company’s role as servicer and guarantor for portions of these facilities means the amended agreements create direct financial obligations or contingent exposure that investors should be aware of when assessing CHS’s funding structure and obligations.