Highwater Ethanol, LLC Executes First Amendment to Second Amended and Restated Credit Agreement
April 27, 2018 at 12:35 pm EDT
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On April 25, 2018 (to be effective April 20, 2018), Highwater Ethanol, LLC (Company) executed a First Amendment to Second Amended and Restated Credit Agreement (the "First Amendment") with Compeer Financial, PCA as successor in interest to AgStar Financial Services, PCA and as administrative agent ("Compeer"), which amends the Second and Amended and Restated Credit Agreement originally dated January 22, 2016. In connection therewith, as of the same date, the Company executed a Third Amended and Restated Term Revolving Note and a Third Amended and Restated Mortgage, Security Agreement, Assignment of Leases and Fixture Financing Statement. The First Amendment increases the commitment under the Term Revolving Loan to $20,000,000.
Highwater Ethanol, LLC is engaged in the production of ethanol and distillersâ grains at the plant. The Company operates through the manufacturing and marketing of fuel-grade ethanol and the co-products of the ethanol production process segment. The Company's products include Ethanol, Distillers Grains and Corn Oil. Its primary product is ethanol. Ethanol is ethyl alcohol, a fuel component made primarily from corn and various other grains. The ethanol it produces is manufactured from corn. The principal co-product of the ethanol production process is distillersâ grains, a high protein, high-energy animal feed supplement primarily marketed to the dairy, poultry, swine and beef industries. The corn oil that the Company produces is not food grade corn oil and therefore cannot be used for human consumption. Its corn oil can be used as the feedstock to produce biodiesel, as a feed ingredient and has other industrial uses.
HIGHWATER ETHANOL, LLC 
