On March 20, 2026, The Andersons, Inc. completed an amendment to its Credit Agreement dated January 11, 2019, reducing the revolving credit facility capacity from $1.55 billion to $1.30 billion, extending maturities on revolving and term facilities to 2031 and 2034, and consolidating term loans into a $256.4 million facility. This restructures the company's debt profile and extends liquidity access.
Key takeaways
Amendment completed March 20, 2026 to Credit Agreement with U.S. Bank National Association as Administrative Agent
Revolving credit facility reduced from $1.55 billion to $1.30 billion, maturity extended to March 20, 2031
Existing $114.3 million term loan maturity extended to March 20, 2031
$170.1 million term loan and $86.3 million term loan consolidated into $256.4 million loan maturing March 20, 2034
Borrowings bear interest at SOFR plus applicable spread
Exhibit 10.1: Amended and Restated Credit Agreement dated March 20, 2026