Andersons gets $800 million loans at Libor plus 150 bps via U.S. Bank

By Susanna Moon

Chicago, April 17 – Andersons, Inc. obtained an $800 million credit facility with interest at Libor plus 150 basis points from U.S. Bank, NA as administrative agent, bookrunner and left lead arranger.

The facility matures on April 13, 2022.

Interest will range from Libor plus 137.5 bps to 200 bps based on the company’s financial performance, according to a filing with the Securities and Exchange Commission.

The non-use fee will be 17.5 bps initially and range from 15 bps to 22.5 bps, also based on financial performance.

Fifth Third Bank and Farm Credit Bank of Texas are the joint lead arrangers and co-syndication agents. Bank of the West, Branch Banking and Trust Co. and Cooperatieve Rabobank UA, New York Branch are the co-documentation agents.

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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