The Andersons Inc.
03/25/2026 | Press release | Distributed by Public on 03/25/2026 07:47
Material Agreement, Financial Obligation (Form 8-K)
Item 1.01 Entry into a Material Definitive Agreement
On March 20, 2026, The Andersons, Inc. (the "Company") completed an amendment (the "Amendment") to its Credit Agreement dated January 11, 2019, with U.S. Bank National Association, as Administrative Agent. The Amendment reduces the capacity of the revolving credit facility from $1.55 billion to $1.30 billion and extends the revolving facility's maturity date to March 20, 2031.
The Amendment also extends the maturity date of the Company's existing $114.3 million term loan to March 20, 2031.
In addition, the Amendment combines the Company's $170.1 million term loan under the Credit Agreement with its $86.3 million term loan dated April 3, 2023 with Farm Credit Mid-America, as Administrative Agent, into a single consolidated $256.4 million loan, and extends the maturity date of the combined loan to March 20, 2034.
Borrowings under the Credit Agreement will continue to bear interest at variable rates based on the Secured Overnight Financing Rate ("SOFR") plus an applicable spread.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
The information contained in Item 1.01 is incorporated by reference herein.
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