0001359687-19-000014.txt : 20191008 0001359687-19-000014.hdr.sgml : 20191008 20191008163535 ACCESSION NUMBER: 0001359687-19-000014 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20191008 ITEM INFORMATION: Termination of a Material Definitive Agreement FILED AS OF DATE: 20191008 DATE AS OF CHANGE: 20191008 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RED TRAIL ENERGY, LLC CENTRAL INDEX KEY: 0001359687 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL ORGANIC CHEMICALS [2860] IRS NUMBER: 760742311 STATE OF INCORPORATION: ND FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-52033 FILM NUMBER: 191142967 BUSINESS ADDRESS: STREET 1: PO BOX 11 STREET 2: 3682 HWY 8 SOUTH CITY: RICHARDTON STATE: ND ZIP: 58652 BUSINESS PHONE: 701-974-3308 MAIL ADDRESS: STREET 1: PO BOX 11 STREET 2: 3682 HWY 8 SOUTH CITY: RICHARDTON STATE: ND ZIP: 58652 8-K 1 a8kre2019termofmaterialdef.htm 8-K RE 2019 TERM OF MATERIAL DEFINITIVE AGREEMENT Document


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 1, 2019

RED TRAIL ENERGY, LLC
(Exact name of registrant as specified in its charter)
 
North Dakota
000-52033
76-0742311
(State or other jurisdiction of incorporation or organization)
(Commission File Number)
(I.R.S. Employer Identification No.)
 
P.O. Box 11, 3682 Highway 8 South
Richardton, North Dakota 58652
(Address of principal executive offices)
 
(701) 974-3308
(Registrant's telephone number)



Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

o
Emerging Growth Company
o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.










Item 1.02 Termination of Material Definitive Agreement.

On October 1, 2019, Red Trail Energy, LLC ("RTE") gave notice to U.S. Bank National Association ("U.S. Bank") that it was terminating RTE's $7 million revolving loan (the "Revolving Loan"). RTE entered into the Revolving Loan with U.S. Bank on March 20, 2017. Interest accrued on any outstanding balance on the Revolving Loan at a rate of 1.77% in excess of the one-month London Interbank Offered Rate ("LIBOR"). On May 31, 2019, RTE renewed the Revolving Loan and extended the maturity date to May 31, 2020 and decreased the principle to $7 million. RTE did not have any amount outstanding on the Revolving Loan as of October 1, 2019. RTE did not incur any penalty for terminating the Revolving Loan.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
RED TRAIL ENERGY, LLC
 
 
Date: October 8, 2019
/s/ Jodi Johnson
 
Jodi Johnson
 
Chief Financial Officer