OMAHA , NEBRASKA – The Scoular Company has announced the completion of a Secured Revolving Credit Agreement in which a group of seven banks has committed $160 million to Scoular for five years.

Wells Fargo Bank, N.A. of Omaha served as the administrative agent bank and worked directly with Scoular in structuring the credit agreement. The other lenders are Bank of America, N.A.; CoBank, ACB; Farm Credit Services of America, PCA; First National Bank of Omaha ; LaSalle Bank National Association and Societe Generale. Each of these banks also participated in Scoular’s earlier credit line that was extended by the recent agreement.

John Heck, Senior Vice President for Assets, Resources and Risk Management at Scoular, said that “while we were not lacking in capacity in any way, the five-year term is particularly helpful as we look forward to extending our existing lines of business and growing through strategic acquisition.” According to Mr. Heck, “Scoular is fortunate to have excellent relationships with each of these lenders. While a somewhat diverse group, all have a strong commitment to their agricultural portfolio and deliver value to Scoular that exceeds just the line of credit.”

Scoular is a century-old agribusiness company supplying grain and feed ingredients throughout North America.