secwatch.observer — SEC 8-K summary
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Issuer:     Andersons, Inc. (ANDE)
CIK:        0000821026
Form:       8-K
Filed at:   2023-04-06T23:59:59+00:00
Accession:  0000821026-23-000104
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

The Andersons enters $100M unsecured term loan facility to refinance debt
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- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/821026/000082102623000104/0000821026-23-000104-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/821026/000082102623000104/ande-20230403.htm
  HTML page:      https://secwatch.observer/filing/0000821026-23-000104

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