Item 1.01 Entry into a Material Definitive Agreement.



On February 19, 2021, CHS Inc. (the "Company") entered into a Third Amendment
(the "Third Amendment") to that certain 2015 Credit Agreement (10-Year Term
Loan) (the "Credit Agreement"), dated as of September 4, 2015, as amended by the
First Amendment to Credit Agreement, dated as of June 30, 2016, and the Second
Amendment to Credit Agreement, dated as of July 16, 2019, by and among the
Company, CoBank, ACB ("CoBank"), for its own benefit as a syndication party and
as the administrative agent for the benefit of the present and future
syndication parties, and the other syndication parties party thereto.

Pursuant to the Third Amendment, on February 19, 2021, the entire $366.0 million
aggregate principal amount of term loans under the Credit Agreement were
converted into revolving loans, which can be paid down and re-advanced in an
amount up to the referenced $366.0 million until February 19, 2022. On February
19, 2022, the total revolving loan balance will revert to a non-revolving term
loan that is payable in full on September 4, 2025.

The Credit Agreement, as amended by the Third Amendment, contains customary
events of default, including cross-defaults relating to other indebtedness. The
occurrence of certain events of default will, at the option of the
administrative agent or at the direction of syndication parties whose aggregate
individual commitments under the Credit Agreement, as amended by the Third
Amendment, constitute more than 50.0% of the total commitments thereunder,
result in the entire debt under the Credit Agreement, as amended by the Third
Amendment, becoming immediately due and payable. The occurrence of certain other
events of default involving insolvency or bankruptcy of the Company or any of
its significant subsidiaries will result in the entire debt under the Credit
Agreement, as amended by the Third Amendment, becoming immediately due and
payable without any action by or on behalf of the administrative agent or the
syndication parties.

In connection with the Third Amendment, the Company paid certain fees to CoBank.



CoBank and certain other syndication parties that are parties to the Credit
Agreement, as amended by the Third Amendment, are also parties to one or more of
the Company's other outstanding credit facilities, including, without
limitation, the Company's 2019 Second Amended and Restated Credit Agreement
(5-Year Revolving Loan). Also, certain syndication parties that are parties to
the Credit Agreement, as amended by the Third Amendment, and/or their affiliates
have from time to time engaged, and in the future may engage, in various
financial advisory and investment banking transactions with, and provide
services to, the Company and its subsidiaries in the ordinary course of business
for which they received or will receive customary fees and expenses.

The foregoing description of the Third Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Third Amendment, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

Reference is made to the information set forth in Item 1.01 of this Current Report on Form 8-K, which is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.



Exhibit No.                Description
  10.1                     Third Amendment, dated as of February 19, 2021,

to that certain 2015 Credit


                           Agreement (10-Year Term Loan), dated as of

September 4, 2015, as amended by


                           the First Amendment to Credit Agreement, dated

as of June 30, 2016, and the


                           Second Amendment to Credit Agreement, dated as

of July 16, 2019, by and


                           among CHS Inc., CoBank, ACB, for its own benefit

as a syndication party and


                           as the administrative agent for the benefit of the present and future
                           syndication parties, and the other syndication parties party thereto
104                        Cover Page Interactive Data File (embedded

within the Inline XBRL document)

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