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):||March 9, 2022|
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)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[☐] 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 March 9, 2022, The Andersons, Inc. completed the sixth amendment to its credit agreement dated January 11, 2019 with U.S. Bank National Association, as Administrative Agent. The amendment increases the short-term note capacity established through the fifth amendment to the credit agreement on March 2, 2022 from $250 million to $450 million in which the entire stated principal is due on May 31, 2022. The term note will bear interest at variable rates, which are based on an alternative base rate 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
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|The Andersons, Inc.|
|March 10, 2022||By:||/s/ Brian A. Valentine|
|Brian A. Valentine|
|Executive Vice President and Chief Financial Officer|