Andersons amends credit agreement for $250 million short-term note

Chicago, March 8 – Andersons, Inc. amended its credit agreement with U.S. Bank NA as administrative agent on March 2 to provide for an incremental $250 million short-term loan due May 31, according to an 8-K filing with the Securities and Exchange Commission.

Andersons requested that the term loan is available on a delayed-draw basis.

The term note will bear interest at variable rates, which are based on an alternative base rate minus 175 basis points.

U.S. Bank NA and Farm Credit Mid-America, PCA agreed to provide the funds, each contributing half the amount.

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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