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): February 1, 2013
Heron Lake BioEnergy, LLC
(Exact name of Registrant as Specified in its Charter)
Minnesota
(State Or Other Jurisdiction Of Incorporation)
000-51825 |
| 41-2002393 |
(Commission File |
| (I.R.S. Employer |
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91246 390th Avenue Heron Lake, MN |
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56137-1375 |
(Address Of Principal Executive Offices) |
| (Zip Code) |
(507) 793-0077 |
Registrant’s Telephone Number, Including Area Code |
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))
Items under Sections 1 and 3 through 9 are not applicable and therefore omitted.
ITEM 2.01 COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS.
On February 1, 2013, Heron Lake BioEnergy, LLC (the “Company) completed the sale of substantially all the assets of Lakefield Farmers Elevator, LLC, one of the Company’s wholly owned subsidiaries (“Lakefield”), to FCA Co-op, a Minnesota cooperative (“FCA”), pursuant to the terms of an asset purchase agreement between Lakefield and FCA dated January 3, 2013.
The asset sale included all of Lakefield’s grain elevator assets in Lakefield and Wilder, Minnesota.
The Company received $3,750,000 in cash from FCA at closing. The Company used the proceeds from the asset sale to pay down its indebtedness to AgStar Financial Services, PCA.
SIGNATURE
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.
| HERON LAKE BIOENERGY, LLC | |
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| By: | /s/ Robert J. Ferguson |
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| Robert J. Ferguson |
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| Chief Executive Officer |
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Date: February 7, 2013 |
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