Andersons amends credit agreement, cuts revolver to $1.30 billion and extends maturities
On March 20, 2026, The Andersons completed an amendment to its credit agreement with U.S. Bank that reduces the revolving credit facility from $1.55 billion to $1.30 billion and extends its maturity to March 20, 2031. The amendment also extends a $114.3 million term loan to the same date and combines two term loans, $170.1 million and $86.3 million, into a single $256.4 million loan maturing March 20, 2034, which lengthens the company's debt repayment schedule.
Key points
- Revolving credit capacity reduced from $1.55 billion to $1.30 billion; maturity extended to March 20, 2031
- $114.3 million term loan maturity extended to March 20, 2031
- $170.1 million term loan and $86.3 million term loan (dated April 3, 2023) combined into one $256.4 million loan maturing March 20, 2034
- Borrowings continue to bear variable interest based on SOFR plus an applicable spread
The filing
Written by AI on Nov 8, 2026, 1:54 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 25, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.