Andersons amends credit agreement, gets $250 million term note

By Taylor Fox

New York, Feb. 5 – Andersons, Inc. completed a second amendment to its credit agreement entered into on Jan. 11, 2019, according to an 8-K filing with the Securities and Exchange Commission.

The amendment replaces an underwritten bridge loan and provides for a short-term $250 million term note due Dec. 31, 2021.

The term note will bear interest at variable interest rates, which are based on Libor plus an applicable spread.

U.S. Bank NA is the administrative agent.

Andersons is a Maumee, Ohio-based diversified company with interests in the grain, ethanol and plant nutrient sectors as well as in railcar leasing and repair, turf products production and general merchandise retailing.

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