Item 1.01                     Entry into a Material Definitive Agreement.
On June 26, 2020, CHS Inc. (the "Company") entered into Omnibus Amendment No. 7
(the "Omnibus Amendment"), by and among Cofina Funding, LLC ("Cofina Funding"),
an indirect subsidiary of the Company, as seller, the Company, as servicer and
as an originator, CHS Capital, LLC ("CHS Capital"), a direct subsidiary of the
Company, as an originator, each of the conduit purchasers, committed purchasers
and purchaser agents set forth on the signature pages thereto and MUFG Bank,
Ltd. f/k/a the Bank of Tokyo-Mitsubishi UFJ, Ltd., New York Branch ("MUFG"), as
administrative agent, to (1) that certain Amended and Restated Receivables
Purchase Agreement, dated as of July 18, 2017, by and among Cofina Funding, the
Company, the purchasers and the purchaser agents party thereto and MUFG, as
previously amended (the "Receivables Purchase Agreement"), and (2) that certain
Sale and Contribution Agreement, dated as of July 22, 2016, by and among the
Company, CHS Capital and Cofina Funding, as previously amended (the "Sale
Agreement").
On June 26, 2020, the Company also entered into (1) Amendment No. 3 (the
"Framework Agreement Amendment") to that certain Master Framework Agreement,
dated as of September 4, 2018, by and among the Company, as a seller and as
agent for the sellers, CHS Capital, as a seller, and MUFG, as a buyer (the "MFA
Buyer") and as agent for the buyer, as previously amended (the "Framework
Agreement"), (2) Amendment No. 1 (the "Company MRA Amendment") to that certain
1996 SIFMA Master Repurchase Agreement, dated as of September 4, 2018, between
the Company, as seller, and MUFG, as MFA Buyer (the "Company MRA"), and (3)
Amendment No. 1 (the "CHS Capital MRA Amendment" and the Omnibus Amendment, the
Framework Agreement Amendment, the Company MRA Amendment and the CHS Capital MRA
Amendment, collectively, the "Amendments") to that certain 1996 SIFMA Master
Repurchase Agreement between CHS Capital, as seller, the Company, as guarantor,
and MUFG, as MFA Buyer (the "CHS Capital MRA" and the Framework Agreement, the
Company MRA and the CHS Capital MRA, collectively, the "Repurchase Facility").
Pursuant to the Sale Agreement, the Company and CHS Capital, from time to time,
assign, sell and contribute their rights to certain loans and receivables and
certain related property (collectively, the "Assets") to Cofina Funding.
Pursuant to the Receivables Purchase Agreement, Cofina Funding sells and assigns
the Assets to the purchasers and purchaser agents under the Receivables Purchase
Agreement (the "RPA Purchasers"). Cofina Funding finances its purchases of the
Assets with cash available, including cash received upon the resale of the
Assets to the RPA Purchasers, and by issuing subordinated promissory notes (the
"Notes") to the Company and CHS Capital for the amount of the purchase price of
the Assets not paid in cash.
Under the Repurchase Facility, CHS and CHS Capital may each request that the MFA
Buyer transfer funds to them in exchange for a transfer of Notes, with a
simultaneous agreement by CHS or CHS Capital, as applicable, to transfer funds
to the MFA Buyer at a date certain or on the MFA Buyer's demand in exchange for
the return of such Notes (collectively, the "Transactions"), with an aggregate
amount of funds agreed to be transferred to the MFA Buyer in exchange for the
return of Notes not to exceed $150 million at any time outstanding. The
Framework Agreement provides that the MFA Buyer has the option to elect to
either enter into the proposed Transaction with CHS or CHS Capital, as
applicable, or to decline such request to enter into such Transaction.
The Amendments, among other things, amend the Receivables Purchase Agreement,
the Sale Agreement and the Repurchase Facility to extend their respective
termination dates from June 26, 2020, to September 24, 2020. The Omnibus
Amendment also amends the Receivables Purchase Agreement to decrease the amount
of Assets that the RPA Purchasers have committed to purchase from $700 million
to $500 million and provides for an expedited amendment procedure to replace
LIBOR with an alternate benchmark rate if LIBOR is no longer available or
published on a current basis.
MUFG and certain RPA Purchasers, including Coöperatieve Rabobank U.A. and
Coöperatieve Rabobank U.A., New York Branch ("Rabobank New York"), are parties
to one or more of the Company's outstanding credit facilities, including the
2019 Amended and Restated Credit Agreement (5-Year Revolving Loan), dated as of
July 16, 2019, by and between the Company, 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, Rabobank New York and Sumitomo Mitsui Banking
Corporation, for their own benefit as syndication parties and as syndication
agents, and the other syndication parties party thereto, and are also holders of
notes issued by the Company under the Note Purchase and Private Shelf Agreement,
dated April 13, 2004, between the Company and Prudential Capital Group. In
addition, certain parties to the Amendments 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.
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.

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses