debt
confidence high
sentiment neutral
materiality 0.50
Andersons secures $250M short-term term loan due May 31, 2022
Andersons, Inc.
- Incremental term loan of $250M with U.S. Bank and Farm Credit Mid-America; each committing $125M.
- Loan bears interest at Alternate Base Rate minus 1.75%; commitment fee 0.15% on unused portion.
- Entire principal due on May 31, 2022; delayed-draw available through that date.
- Facility is fifth amendment to existing Jan 2019 credit agreement.