Attached files
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EX-10.1 - Show Me Ethanol, LLC | v170464_ex10-1.htm |
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): December 31,
2009
Show
Me Ethanol, LLC
(Exact
name of registrant as specified in its charter)
Missouri
(State
or other jurisdiction
of
incorporation or organization)
|
000-52614
(Commission
File Number)
|
20-4594551
(I.R.S.
Employer
Identification
Number)
|
P. O. Box
9 26530 Highway 24 East,
Carrollton,
Missouri 64633
(660)
542-6493
(Address
of principal executive offices and telephone number)
N/A
(Former
name or former address, if changed since last report)
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:
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))
|
Item
1.01
|
Entry
into a Material Definitive
Agreement.
|
On
December 31, 2009 Show Me Ethanol, LLC (the “Company”) and FCS Financial, PCA
(the “Agent”) entered into a Fourth Amendment (the “Amendment”) to the Company’s
Construction and Term Loan Agreement, originally executed on March 1, 2007 (the
“Loan Agreement”). In addition to serving as the lender’s agent under
the Loan Agreement, the Agent is also one among a syndicate of lenders for the
Loan Agreement and the sole lender for the Company’s $5 million revolving loan
commitment.
The
Amendment was executed to (a) permit the Company to prepay $2.4 million worth of
principal, which it did on December 31, 2009 and (b) increase the number of
quarterly payment deferrals available to the Company from three to
four. The prepayment does not affect the Company’s regularly
scheduled quarterly payment of $1.2 million due February 1,
2010. Based on current interest rates, the Company estimates the
December 31, 2009 prepayment will save over $800,000 in interest expense over
the life of the loan.
A copy of
the Amendment is attached hereto as Exhibit 10.1 and incorporated herein by
reference.
Item
9.01
|
Financial
Statements and Exhibits
|
The
following exhibits are filed with or incorporated as part of this report as
required by Item 601 of Regulation S-K:
Exhibit
Number
|
Description
|
10.1
|
Fourth
Amendment to the Construction and Term Loan
Agreement
|
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.
Dated:
January 5, 2010
|
Show
Me Ethanol, LLC
|
|
By:
|
/s/Richard
Hanson
|
|
Name: Richard Hanson |
||
Title: General
Manager and
Chief Financial Officer
|