South Dakota Soybean Processors, LLC Enters into Amended and Restated Revolving Credit Promissory Note
February 10, 2021 at 12:18 pm
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On February 5, 2021, South Dakota Soybean Processors, LLC entered into an Amended and Restated Revolving Credit Promissory Note (Restated Seasonal Note) with lender, CoBank, ACB of Greenwood Village, Colorado. Under the Restated Seasonal Note, the principal amount that the company may borrow is increased from $25 million to $35 million until the loan's maturity on December 1, 2021. All other material items and conditions under the Restated Seasonal Note, the Credit Agreement dated December 28, 2016, and the subsequent amendments to such agreement, remain the same following this amendment.
South Dakota Soybean Processors, LLC is an owner and operator of two soybean processing plant and a soybean oil refinery in the state of South Dakota. The Company also owns and operates a small oilseed processing plant near Miller, South Dakota. The Companyâs core business consists of processing locally grown soybeans into soybean meal and soybean oil. It sells the soybean meal primarily to resellers, feed mills, and livestock producers as livestock feed. It markets and sells multiple grades of soybean oil in either crude or refined format. Crude and refined soybean oil are marketed and sold to the food, biodiesel and chemical industries. It also markets and sells contracting services for the construction and management of oilseed processing plants. Its soybean meal is primarily sold to resellers, feed mills, and livestock producers as livestock feed. The meal is primarily sold to customers in the local area (within 200 miles of its Volga plant), Western United States, and Canada.
SOUTH DAKOTA SOYBEAN PROCESSORS, LLC 
