Andersons agreed to buy an operating ethanol business, adding 3 plants, but plans to fund the $915 million price with debt and credit-line borrowing. The added capacity and borrowing burden point in different directions, and the deal still needs approvals.
The added plants would give Andersons a larger place in low-carbon ethanol. But the purchase depends on debt and credit-line borrowing, and Andersons backs the buyer's duties. The deal also needs approvals, and the filing does not say how much profit the plants may add.
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