{"schema_version":"secwatch.filing_event.v1","accession":"0000821026-23-000104","form_type":"8-K","ticker":"ANDE","cik":"0000821026","company_name":"Andersons, Inc.","filed_at":"2023-04-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.357609+00:00","generated_at":"2026-06-17T05:30:07.954218+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"The Andersons enters $100M unsecured term loan facility to refinance debt","bullets":["$100M unsecured term loan with Farm Credit Mid-America, PCA; 8-year maturity.","Variable interest rate based on SOFR plus 1.675% (Term SOFR) or 0.675% (Base Rate).","Proceeds: ~$50M to repay current maturities of long-term debt; remainder to reduce line of credit borrowings.","Quarterly principal and interest payments; loan agreement includes customary covenants and events of default."],"urls":{"canonical":"https://secwatch.observer/filing/0000821026-23-000104","json":"https://secwatch.observer/filing/0000821026-23-000104.json","markdown":"https://secwatch.observer/filing/0000821026-23-000104.md","text":"https://secwatch.observer/filing/0000821026-23-000104.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/821026/000082102623000104/0000821026-23-000104-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/821026/000082102623000104/ande-20230403.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T05:30:07.954218+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"aa6d10287e0ce5758984ba423620687f1ceaa913","claim":"Andersons, Inc. incurred term loan of $100 million with Farm Credit Mid-America, PCA at SOFR plus an applicable spread maturing 8-year loan.","evidence_excerpt":"On April 3, 2023, The Andersons, Inc. entered into an unsecured Term Loan Agreement (the \"Loan Agreement\") with Farm Credit Mid-America, PCA, as Administrative Agent. The Loan Agreement provides for an 8-year loan in the amount of $100 million","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/821026/000082102623000104/0000821026-23-000104-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$100 million"},{"label":"Counterparty","value":"Farm Credit Mid-America, PCA"},{"label":"Rate","value":"SOFR plus an applicable spread"},{"label":"Maturity","value":"8-year loan"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"cfe9351da57c1a3ccf7d6ac40d60ba50ff07384f","claim":"Andersons, Inc. entered into Loan Agreement with Farm Credit Mid-America, PCA valued at $100 million (effective 2023-04-03).","evidence_excerpt":"On April 3, 2023, The Andersons, Inc. entered into an unsecured Term Loan Agreement (the \"Loan Agreement\") with Farm Credit Mid-America, PCA, as Administrative Agent.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/821026/000082102623000104/0000821026-23-000104-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Farm Credit Mid-America, PCA"},{"label":"Value","value":"$100 million"},{"label":"Effective","value":"2023-04-03"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}