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 3, 2010
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RED
TRAIL ENERGY, LLC
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(Exact
name of registrant as specified in its charter)
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North
Dakota
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000-52033
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76-0742311
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(State
or other jurisdiction of incorporation or organization)
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(Commission
File Number)
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(I.R.S.
Employer Identification No.)
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P.O.
Box 11, 3682 Highway 8 South
Richardton,
North Dakota 58652
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(Address
of principal executive offices)
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(701)
974-3308
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(Registrant’s
telephone number)
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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))
Item
2.03 Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant
Line of
Credit
On
December 3, 2010, Red Trail Energy, LLC (the “Company”) signed a Revolving
Promissory Note for a $7,000,000 revolving line of credit with First National
Bank of Omaha (the “Lender”) (the “Line of Credit”). The funds from
the Line of Credit will be used for working capital at the Company’s ethanol
plant.
The
interest on the outstanding principal balance will be payable at a rate equal to
the three month LIBOR RATE plus four percent and will be payable
monthly. However, the interest accruing on the outstanding principal
balance shall never accrue at a rate less than five percent. The
maturity date on this Line of Credit is June 1, 2011 unless it is otherwise
extended by the Lender and Company. The Company made standard
representations and warranties under the Line of Credit.
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.
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RED
TRAIL ENERGY, LLC
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December
8, 2010
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/s/
Kent Anderson
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Kent
Anderson, Chief Financial Officer
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