secwatch.observer — SEC 8-K summary
======================================

Issuer:     Andersons, Inc. (ANDE)
CIK:        0000821026
Form:       8-K
Filed at:   2022-03-10T23:59:59+00:00
Accession:  0000821026-22-000089
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

The Andersons increases short-term borrowing capacity to $450M due May 31, 2022
-------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/821026/000082102622000089/0000821026-22-000089-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/821026/000082102622000089/ande-20220309.htm
  HTML page:      https://secwatch.observer/filing/0000821026-22-000089

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer