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): May 30, 2007
MINN-DAK FARMERS COOPERATIVE
(Exact name of Registrant as specified in its charter)
North Dakota | 33-94644 | 23-7222188 |
(State or other jurisdiction | (Commission File Number) | (I.R.S. Employer |
7525 Red River Road Wahpeton, North Dakota |
| 58075 |
(Address of principal executive offices) |
| (Zip Code) |
Registrant’s telephone number, including area code: (701) 642-8411
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-2 under the Exchange Act (17 CFR 240.14a-2)
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 8.01 OTHER EVENTS.
On May 29th, the Company renewed, through May 31, 2008, the seasonal line of credit with its primary lender Co-Bank (“the Bank”). Changes to the loan agreement include the following:
| • | The revolving credit facility increased from $45 million to $50 million, an 11% increase. |
| • | The bid loan supplement facility decreased from $30 million to $15 million, a 50% decrease. |
Both monetary changes to the seasonal line of credit listed above were made to accommodate the Company’s anticipated seasonal borrowing needs. All other major provisions of the seasonal line of credit with the Bank remained the same. The current loan agreement with the Bank was due to expire on May 31, 2007.
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, thereunto duly authorized.
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| MINN-DAK FARMERS COOPERATIVE | |
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| By |
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| David H. Roche |