Andersons converts term loan into revolver with $450 million capacity

By Wendy Van Sickle

Columbus, Ohio, June 2 – Andersons, Inc. amended its credit agreement with U.S. Bank NA as administrative agent on May 27 to convert the $350 million outstanding balance of the $450 million incremental term loan dated March 9 into a revolving credit agreement with a $450 million capacity, according to an 8-K filing with the Securities and Exchange Commission.

The entire amount outstanding will be due on Aug. 31.

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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