debt
confidence high
sentiment neutral
materiality 0.65
The Andersons increases short-term borrowing capacity to $450M due May 31, 2022
Andersons, Inc.
- Delayed draw term loan commitments raised from $250M to $450M via sixth amendment to 2019 credit agreement.
- Each of U.S. Bank and Farm Credit Mid-America increased commitment by $100M to $225M.
- Entire principal due May 31, 2022; interest at Alternate Base Rate minus 1.375%.
- No reborrow once repaid; commitment fee of 0.15% on unused portion.
- Loans available only through Q1 2022 Extension Period ending May 31, 2022.