secwatch.observer — SEC 8-K summary
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Issuer:     Andersons, Inc. (ANDE)
CIK:        0000821026
Form:       8-K
Filed at:   2022-06-02T23:59:59+00:00
Accession:  0000821026-22-000188
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/821026/000082102622000188/0000821026-22-000188-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/821026/000082102622000188/ande-20220527.htm
  HTML page:      https://secwatch.observer/filing/0000821026-22-000188

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