Filed: 5 Feb 21, 5:11pm
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
|Date of Report (Date of Earliest Event Reported):||February 4, 2021|
The Andersons, Inc.
(Exact name of registrant as specified in its charter)
|(State of incorporation or organization)||(Commission File Number)||(I.R.S. Employer Identification No.)|
1947 Briarfield Boulevard
Maumee, Ohio 43537
(Address of principal executive offices) (Zip Code)
(Registrant’s telephone number, including area code)
[☐] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[☐] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[☐] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[☐] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
|Title of each class:||Trading Symbol||Name of each exchange on which registered:|
|Common stock, $0.00 par value, $0.01 stated value||ANDE||The NASDAQ Stock Market LLC|
Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
[☐] Emerging growth company
[☐] If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 1.01 Entry into a Material Definitive Agreement
On February 4, 2021, The Andersons, Inc. completed the second amendment to its credit agreement dated January 11, 2019 with U.S. BANK NATIONAL ASSOCIATION, as Administrative Agent. The amendment, which replaces an underwritten bridge loan received on January 21, 2021, provides for a short term $250 million term note in which the entire stated principal is due on December 31, 2021. The term note will bear interest at variable interest rates, which are based on LIBOR plus an applicable spread, subject to the terms and conditions set forth in Exhibit 10.1 herein.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
The information contained in Item 1.01 is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits
|104||Inline XBRL for the cover page of this Current Report on Form 8-K|
|The Andersons, Inc.|
|February 5, 2021||By:||/s/ Brian A. Valentine|
|Name: Brian A. Valentine|
|Title: Executive Vice President and Chief Financial Officer|