Item 1.01 Entry into a Material Definitive Agreement

Effective November 14, 2019, The Andersons Inc. (the "Company") entered into a Loan Agreement (the "Loan Agreement") with Metlife Real Estate Lending LLC, subject to the terms and conditions set forth in Exhibit 10.1, herein. The Loan Agreement provides for a 15-year loan in the amount of $105 million, of which $73 million was used to extinguish existing long-term debt. The remainder of the proceeds were used to pay down a portion of outstanding line of credit borrowings. The Loan Agreement is secured by first mortgages on certain real and personal property held by the Company and its subsidiaries. Borrowings under the Loan Agreement bear a fixed interest rate of 4.50% and payments of principal and interest will be made on a quarterly basis.

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.



Exhibit No.   Description

                LOAN AGREEMENT between METLIFE REAL ESTATE LENDING LLC, a Delaware
              limited liability company, as Lender and THE ANDERSONS, INC., an Ohio
10.1          corporation, as Borrower, FIRST MORTGAGE LOAN in the amount of
              $105,000,000.00 dated as of November 14, 2019. (Schedules within the
              Loan Agreement have been omitted and can be furnished to the SEC upon
              request.)

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