Item 1.01 Entry into a Material Definitive Agreement

On May 27, 2022, The Andersons, Inc. completed an amendment to its credit agreement dated January 11, 2019, with U.S. Bank National Association, as Administrative Agent. The amendment will convert the $350 million outstanding balance from the $450 million incremental term loan amendment dated March 9, 2022, to a revolving credit agreement with a capacity of up to $450 million. The entire amount outstanding will be due on August 31, 2022. The revolving credit agreement will bear interest at variable rates, which are based on SOFR 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

(d) Exhibits:

 Exhibit No.       Description

 10.1                Incremental Revolving Loan Amendment to Credit Agreement

 104               Inline XBRL for the cover page of this Current Report on Form 8-K

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