SEC Info - Andersons, Inc. - ‘8-K’ for 12/13/19

i false i 0000821026 0000821026 2019-12-13 2019-12-13

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM i 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934



Date of Report (Date of Earliest Event Reported):		i December 13, 2019

The i Andersons, Inc.

__________________________________________

(Exact name of registrant as specified in its charter)



i Ohio		i 000-20557	i 34-1562374
_____________________ (State or other jurisdiction		_____________ (Commission	______________ (I.R.S. Employer
of incorporation)		File Number)	Identification No.)

i 1947 Briarfield Boulevard
i Maumee	i Ohio		i 43537
_________________________________ (Address of principal executive offices)			___________ (Zip Code)



Registrant’s telephone number, including area code:	i 419	i 893-5050

Not Applicable

_________________________________

Former name or former address, if changed since last report

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:

[ i ☐] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ i ☐] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ i ☐] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ i ☐] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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

[ i ☐] 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.



Title of each class:	Trading Symbol	Name of each exchange on which registered:
i Common stock, $0.00 par value, $0.01 stated value	i ANDE	i The NASDAQ Stock Market LLC

Item 1.01 Entry into a Material Definitive Agreement

On December 13, 2019, The Andersons Marathon Holdings (“TAMH"), a consolidated subsidiary of The Andersons, Inc., entered into an amendment (the “Amendment”) to the Credit Agreement (the “Credit Agreement”), dated October 1, 2019, with COBANK, ACB as Administrative Agent for the Lenders.

The Amendment was entered into to give effect to the following: (a) an amendment to the required minimum net worth as defined in the Credit Agreement from a minimum of $400 million to $300 million for TAMH; (b) an amendment to the date that TAMH is required to draw on the $70 million term note in the agreement from December 14, 2019 to December 15, 2021. The Company has paid certain fees in connection with the Amendment, including an unused term commitment fee in the amount of 0.5% of the term commitment amount of $70 million until the term funds are drawn.

The foregoing description does not purport to be complete and is qualified in its entirety by reference to the Amendment, dated December 13, 2019, a copy of which is attached as Exhibit 10.1 and which is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits.



Exhibit No.		Description

10.1		First Amendment to Credit Agreement

SIGNATURES

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.

Date:	December 17, 2019	By:	/s/ *Brian A. Valentine*

			Name: Brian A. Valentine
			Title: Senior Vice President and Chief Financial Officer
			(Principal Financial Officer)

Exhibit Index



Exhibit No.		Description

10.1		First Amendment to Credit Agreement

This ‘8-K’ Filing	Date	Other Filings

	12/15/21
Filed on:	12/17/19
	12/14/19
For Period end:	12/13/19
	10/1/19	8-K
		List all Filings

Andersons, Inc. – ‘8-K’ for 12/13/19

On: Tuesday, 12/17/19, at 1:46pm ET · For: 12/13/19 · Accession #: 821026-19-82 · File #: 0-20557

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Current Report — Form 8-K — Sect. 13 / 15(d) – SEA’34
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