Item 1.01 Entry into a Material Definitive Agreement
On February 3, 2021, Cardinal Ethanol, LLC ("Cardinal") and its primary
lender, First National Bank of Omaha (the "Bank"), executed a Sixteenth
Amendment of First Amended and Restated Construction Loan Agreement, to be
effective as of January 26, 2021, which amends the First Amended and Restated
Construction Loan Agreement dated June 10, 2013 (the "Amendment"). The primary
purposes of the Amendment are to extend the termination dates of the Revolving
Credit Loan and Declining Revolving Loan to April 30, 2021, and increase the
limit under the Revolving Credit Loan to $20,000,000. In connection with the
Amendment, Cardinal executed a First Amended and Restated Revolving Credit Note.
Item 9.01 Financial Statements and Exhibits
(a)None.
(b)None.
(c)None.
(d)Exhibits.
Exhibit No. Description
99.1 Sixteenth Amendment of First Amended and Restated Construction Loan
Agreement with First National Bank of Omaha
99.2 First Amended and Restated Revolving Credit Note with First National Bank of
Omaha
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