---
schema_version: "secwatch.filing_event.v1"
accession: "0000821026-22-000188"
form_type: "8-K"
ticker: "ANDE"
cik: "0000821026"
company_name: "Andersons, Inc."
filed_at: "2022-06-02T23:59:59+00:00"
generated_at: "2026-06-25T05:16:44.747637+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Andersons converts $350M term loan to $450M revolver due Aug 31, 2022

## Summary
- Converted $350M Q1 2022 term loans into a $450M revolving credit facility with two lenders.
- Facility matures August 31, 2022; entire principal and accrued interest due on that date.
- Interest rate is SOFR plus an applicable spread per the amended credit agreement.
- U.S. Bank National Association and Farm Credit Mid-America, PCA each commit $225M.
- Amendment terminates prior delayed draw term loan commitments and rolls over outstanding balance.

## SEC filing metadata
- accession: 0000821026-22-000188
- form_type: 8-K
- ticker: ANDE
- cik: 0000821026
- company_name: Andersons, Inc.
- filed_at: 2022-06-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/821026/000082102622000188/0000821026-22-000188-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/821026/000082102622000188/ande-20220527.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000821026-22-000188
- JSON: https://secwatch.observer/filing/0000821026-22-000188.json
- Plain text: https://secwatch.observer/filing/0000821026-22-000188.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.