SOUTH DAKOTA SOYBEAN PROCESSORS LLC 8-K

What Happened South Dakota Soybean Processors, LLC filed a Form 8-K (dated April 13, 2026) reporting that on April 9, 2026 it entered into an Amended and Restated Revolving Credit Promissory Note with its lender, CoBank, ACB. The Restated Note amends and restates the Company’s existing Revolving Credit Promissory Note (originally dated November 24, 2025) and increases the principal available under the Company’s seasonal loan from $20 million to $30 million. The filing appears under Items 1.01 (entry into a material definitive agreement) and 2.03 (creation of a direct financial obligation).

Key Details

• Lender: CoBank, ACB; agreement executed April 9, 2026; 8-K filed April 13, 2026.
• Seasonal loan capacity increased from $20,000,000 to $30,000,000.
• The Restated Note amends and restates the Revolving Credit Promissory Note dated November 24, 2025.
• All other material terms of the Credit Agreement dated March 17, 2025 (and subsequent amendments) remain unchanged; the Restated Note will be filed as an exhibit in the next periodic report.

Why It Matters An increase in the seasonal loan capacity gives the company greater short-term borrowing flexibility to fund operating needs tied to seasonal activities (e.g., soybean processing and working capital). Because the filing notes no other changes to the existing credit agreement terms, this is a liquidity adjustment rather than a broader change to covenants or lender relationships. Investors should note the larger credit availability and monitor future periodic filings for the Restated Note exhibit and any impact on leverage or cash flow.