UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 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): | February 26, 2010 |
The Andersons, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)
| Ohio | 000-20557 | 34-1562374 |
| _____________________ (State or other jurisdiction | _____________ (Commission | ______________ (I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
| 480 West Dussel Drive, Maumee, Ohio | 43537 | |
| _________________________________ (Address of principal executive offices) | ___________ (Zip Code) |
| Registrant’s telephone number, including area code: | 419-893-5050 |
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:
[ ] 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))
Item 1.01 Entry into a Material Definitive Agreement.
See disclosure under Item 2.03 of this Current Report, which is incorporated by reference in this Item 1.01.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
On February 26, 2010, the Company entered into an Amended and Restated Note Purchase Agreement. The Amended and Restated Note Purchase Agreement splits the Series A maturity with Co-Bank, one of the lenders to the original Agreement (which is Incorporated by reference from Form 8-K filed March 27, 2008), into Series A - $10 million due March 27, 2011; Series A-1 - $25 million due March 27, 2012; Series A-2 - $25 million due March 27, 2013 and Series A-4 - $25 million due March 27, 2014.
The foregoing description of the Amended and Restated Note Purchase Agreement does not purport to be complete and is qualified in its entirety by reference to the agreement which is filed as exhibit 10.40 to this filing.
On March 4, 2010, the Company also sent notice to U.S. Bank National Association that, pursuant to Section 2.3(c) of the Second Amended and Restated Loan Agreement dated April 30, 2009 (which is Incorporated by reference from Form 8-K filed May 6, 2009), the Company was reducing the Line of C redit A Loan Committment by $100 million effective with the date of notice. The amount available under Line of Credit A is now $390 million. This reduction was pro-rata among all lenders.
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. | ||||
| March 5, 2010 | By: | Michael J. Anderson | ||
| Name: Michael J. Anderson | ||||
| Title: President and CEO | ||||
Exhibit Index
| Exhibit No. | Description | |
10.40 | Amended and Restated Note Purchase Agreement |