debt
confidence high
sentiment neutral
materiality 0.70
Andersons expands revolver to $1.55B, extends term loan maturities to 2027/2029
Andersons, Inc.
- Revolving credit facility increased from $900M to $1.55B, maturing March 26, 2027.
- $209.4M term loan maturity extended to March 28, 2029; $140.6M term loan to March 26, 2027.
- Borrowings bear variable interest at SOFR plus applicable spread; quarterly term loan payments continue.
- Amendment executed March 28, 2022; U.S. Bank remains Administrative Agent.