On January 21, 2021, The Andersons, Inc. entered into a Credit Agreement that includes a short term $250 million term note for working capital needs in which the entire stated principal is due on December 31, 2021, with U.S. BANK NATIONAL ASSOCIATION, as Administrative Agent, subject to the terms and conditions set forth in Exhibit 10.2, herein. Borrowings under the Credit Agreement bear interest at variable interest rates, which are based on LIBOR plus an applicable spread.
The Andersons, Inc. is a diversified company, which is engaged in the operations of agricultural supply chain. The Company operates through three segments: Trade, Renewables, and Nutrient and Industrial. The Trade segment is a diversified business focusing on capturing profits through merchandising and managing logistics across a wide range of commodities. The segment specializes in the movement of physical commodities, such as whole grains, grain products, feed ingredients and domestic fuel products among other agricultural commodities. The Renewables segment produces, purchases, and sells ethanol and co-products, offers facility operations, and provides risk management and marketing services to the ethanol plants it invests and operates. The Nutrient & Industrial segment is a manufacturer, distributor and retailer of agricultural and related plant nutrients, liquid industrial products, corncob-based products, pelleted lime and gypsum products, pesticide, and others.
THE ANDERSONS, INC. 
