Red Trail Energy, LLC

REGX

US75703V1035

Renewable Fuels

Market Closed - OTC Markets Other stock markets 03:35:38 2024-02-16 pm EST			5-day change	1st Jan Change
3.8 ^USD	-2.56%		-.--%	-2.56%

Apr. 11	Red Trail Energy, LLC announced that it expects to receive $10 million in funding	CI
Feb. 15	Red Trail Energy, LLC Reports Earnings Results for the First Quarter Ended December 31, 2023	CI

RED TRAIL ENERGY, LLC : Entry into a Material Definitive Agreement, Financial Statements and Exhibits (form 8-K)

April 13, 2023 at 06:02 am EDT

Item 1.01 Entry Into a Material Definitive Agreement

On April 7, 2023, Red Trail Energy, LLC (the "Company") entered into a Promissory Note for a $10 million loan (the "Promissory Note") with the Company's primary lender, Cornerstone Bank. The Promissory Note has a maturity date of April 5, 2024. Interest accrues on any outstanding balance on the Promissory Note at a rate of 1.0% less than the prime rate as published by the Wall Street Journal, adjusted monthly. The Revolving Loan has a minimum interest rate of 5.0%.

In order to secure the Promissory Note, the Company entered into a Modification of Mortgage agreement in order to expand the bank's mortgage to include the Promissory Note.

Item 9.01 Financial Statements and Exhibits



(a)  None.

(b)  None.

(c)  None.

(d)  Exhibits.


Exhibit No.  Description

       99.1         Promissory Note between RTE and Cornerstone Bank for $10 Million, dated
                    April 7, 2023

Latest news about Red Trail Energy, LLC

Red Trail Energy, LLC announced that it expects to receive $10 million in funding	Apr. 10	CI
Red Trail Energy, LLC Reports Earnings Results for the First Quarter Ended December 31, 2023	Feb. 15	CI
Red Trail Energy, LLC Reports Earnings Results for the Full Year Ended September 30, 2023	Dec. 29	CI
Red Trail Energy, LLC Declares Cash Distribution	Dec. 27	CI
Red Trail Energy, LLC Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2023	23-08-14	CI
Red Trail Energy, LLC Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2023	23-05-15	CI
Red Trail Energy, LLC Appoints Jodi Johnson as Chief Executive Officer	23-05-04	CI
Red Trail Energy, LLC Appoints Joni Entze as Chief Financial Officer	23-05-04	CI
Red Trail Energy, LLC Enters into A Promissory Note for $10 Million Loan	23-04-13	CI
Red Trail Energy, LLC announced that it expects to receive $10 million in funding	23-04-05	CI
Red Trail Energy, LLC Reports Earnings Results for the First Quarter Ended December 31, 2022	23-02-14	CI
Red Trail Energy, LLC Reports Earnings Results for the Full Year Ended September 30, 2022	22-12-29	CI
Red Trail Energy, LLC announced that it expects to receive $25 million in funding	22-10-27	CI
Red Trail Energy, LLC Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2022	22-08-15	CI
Red Trail Energy, LLC Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2022	22-05-16	CI
Red Trail Energy, LLC Reports Earnings Results for the First Quarter Ended December 31, 2021	22-02-14	CI
Red Trail Energy, LLC Reports Earnings Results for the Full Year Ended September 30, 2021	21-12-17	CI
Red Trail Energy, Llc Reports Earnings Results for the Third Quarter Ended June 30, 2021	21-08-10	CI
Red Trail Energy, Llc Reports Earnings Results for the Second Quarter Ended March 31, 2021	21-05-14	CI
Red Trail Energy, Llc Reports Earnings Results for the First Quarter Ended December 31, 2020	21-02-12	CI
Red Trail Energy, Llc Reports Earnings Results for the Full Year Ended September 30, 2020	20-12-18	CI
Red Trail Energy, Llc Reports Earnings Results for the Third Quarter Ended June 30, 2020	20-08-14	CI
Red Trail Energy, Llc Reports Earnings Results for the Second Quarter Ended March 31, 2020	20-05-15	CI
Red Trail Energy, Llc Announces Earnings Results for the First Quarter Ended December 31, 2019	20-02-14	CI
Red Trail Energy, Llc Reports Earnings Results for the Full Year Ended September 30, 2019	19-12-20	CI

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Company Profile

Red Trail Energy, LLC owns and operates a 50-million-gallon annual name-plate production ethanol plant near Richardton, North Dakota. The principal products that the Company produces are ethanol, distillers grains, and corn oil. Ethanol is ethyl alcohol, a fuel component made primarily from corn and various other grains, which can be used as an octane enhancer in fuels; an oxygenated fuel additive for the purpose of reducing ozone and carbon monoxide vehicle emissions, and a non-petroleum-based gasoline substitute. It produces two forms of distillers grains: distillers dried grains and modified distillers grains. Modified distillers grains is processed corn mash that has been dried to approximately 50% moisture which has a shelf life of approximately seven days. Distillers dried grains is processed corn mash that has been dried to approximately 10% moisture. The primary uses of the corn oil that the Company produces are for animal feed, industrial uses, and biodiesel production.

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Renewable Fuels

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