Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

HIGHWATER ETHANOL, LLC

(HEOL)
SummaryQuotesChartsNewsCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

HIGHWATER ETHANOL LLC : Entry into a Material Definitive Agreement, Financial Statements and Exhibits (form 8-K)

12/29/2020 | 01:20pm EDT

Item 1.01 Entry Into a Material Definitive Agreement

On December 23, 2020, Highwater Ethanol, LLC (the "Company") and RPMG, Inc. ("RPMG") executed a High Purity Alcohol Member Marketing Agreement (the "Agreement"). The terms of the Agreement become effective January 1, 2021 (the "Effective Date"). RPMG is currently the Company's exclusive marketer and distributor of ethanol and corn oil. The Company is also an owner of Renewable Products Marketing Group, LLC ("RPMG LLC"), the parent entity of RPMG.

The Agreement provides that RPMG will serve as the exclusive marketer of high purity alcohol for the Company excluding certain high purity alcohol marketed or sold under contracts in effect on the Effective Date. In exchange for the exclusive marketing services, the Company will pay a marketing fee to RPMG and RPMG will use commercially reasonable efforts to obtain the best price for all high purity alcohol conforming to certain specifications sold under the Agreement. RPMG will forward confirmations of the volume, FOB sales price and other terms to the Company. RPMG shall be responsible for and bear the risk of loss for all high purity alcohol from the time the product crosses the loading flange at the facility. RPMG shall purchase high purity alcohol at an amount equal to the FOB price less any applicable cost.

The Agreement shall automatically terminate when the Company ceases to be an owner of RPMG LLC, subject to the expiration of the initial term. In addition, upon breach by the other party, the Agreement may be terminated by either party after providing notice and expiration of the applicable cure period. RPMG may terminate the Agreement upon the Company's insolvency, receivership, or bankruptcy or if the Company ceases to produce high purity alcohol for thirty days or more. The Company may terminate the Agreement, following expiration of the initial term, upon notice and provided the Company delivers all high purity alcohol subject to confirmations of sale provided by RPMG to the Company. The Company shall also be obligated to accept assignment from RPMG of the lease of certain rail cars following termination.

Item 9.01 Financial Statements and Exhibits

(a)None.

(b)None.

(c)None.

(d)Exhibits

Exhibit No.      Description

99.1 High Purity Alcohol Member Marketing Agreement Between Highwater Ethanol, LLC and RPMG, Inc. **

**Confidential information redacted.

© Edgar Online, source Glimpses

All news about HIGHWATER ETHANOL, LLC
06/11HIGHWATER ETHANOL LLC : Management's Discussion and Analysis of Financial Condit..
AQ
06/11Highwater Ethanol, Llc Reports Earnings Results for the Second Quarter Ended ..
CI
03/22HIGHWATER ETHANOL LLC : Entry into a Material Definitive Agreement, Financial St..
AQ
03/12HIGHWATER ETHANOL LLC : Submission of Matters to a Vote of Security Holders (for..
AQ
03/10HIGHWATER ETHANOL LLC : Management's Discussion and Analysis of Financial Condit..
AQ
02/26HIGHWATER ETHANOL LLC : Change in Directors or Principal Officers (form 8-K)
AQ
02/26Highwater Ethanol, LLC Appoints Gerald R. Forsythe to the Board
CI
01/29HIGHWATER ETHANOL LLC : Regulation FD Disclosure, Financial Statements and Exhib..
AQ
01/21HIGHWATER ETHANOL LLC : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDIT..
AQ
01/21Highwater Ethanol, LLC Reports Earnings Results for the Full Year Ended Octob..
CI
More news
Financials (USD)
Sales 2020 97,3 M - -
Net income 2020 -6,37 M - -
Net Debt 2020 13,8 M - -
P/E ratio 2020 -
Yield 2020 -
Capitalization 29,9 M 29,9 M -
EV / Sales 2019 0,49x
EV / Sales 2020 0,43x
Nbr of Employees 43
Free-Float 86,2%
Chart HIGHWATER ETHANOL, LLC
Duration : Period :
Highwater Ethanol, LLC Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Managers and Directors
Brian D. Kletscher Chief Executive Officer
Lucas G. Schneider Chief Financial Officer
David Gerald Moldan Chairman-Governors Member
Rachel Imker Head-Human Resources & Administration
Russell Jon Derickson Independent Member-Governors Board
Sector and Competitors
1st jan.Capi. (M$)
HIGHWATER ETHANOL, LLC0.00%30
VERBIO VEREINIGTE BIOENERGIE AG52.38%3 480
ITM POWER PLC-21.01%3 115
RENEWABLE ENERGY GROUP, INC.-12.64%2 949
NEL ASA-41.18%2 806
GREEN PLAINS INC.151.63%1 479