---
schema_version: "secwatch.filing_event.v1"
accession: "0000003545-23-000039"
form_type: "8-K"
ticker: "ALCO"
cik: "0000003545"
company_name: "ALICO, INC."
filed_at: "2023-12-19T23:59:59+00:00"
generated_at: "2026-06-07T10:54:27.547042+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Alico amends credit agreement, allowing up to $80M land dispositions in FY2024

## Summary
- Rabo AgriFinance consents to land purchase options and increased disposition limits.
- Up to $80M allowed in FY2024, $15M in FY2025, plus $10M if Hendry Land Sale occurs.
- Sale-leaseback of citrus groves from Hendry County Land Sale is permitted.
- Amendment provides additional liquidity flexibility for land monetization.

## SEC filing metadata
- accession: 0000003545-23-000039
- form_type: 8-K
- ticker: ALCO
- cik: 0000003545
- company_name: ALICO, INC.
- filed_at: 2023-12-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/3545/000000354523000039/0000003545-23-000039-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/3545/000000354523000039/alco-20231215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000003545-23-000039
- JSON: https://secwatch.observer/filing/0000003545-23-000039.json
- Plain text: https://secwatch.observer/filing/0000003545-23-000039.txt

## Key facts
- Material Agreements
  ALICO, INC. amended Fourteenth Amendment to Credit Agreement with Rabo AgriFinance LLC (effective 2023-12-15).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Rabo AgriFinance LLC
  - Effective: 2023-12-15
  source text: On December 15, 2023, Alico, Inc. (the “Company”) entered into a Fourteenth Amendment to Credit Agreement (the “Amendment”) with respect to its credit agreement dated as of December 1, 2014, as amended to date, by and among the Company, Alico-Agri, Ltd., Alico Plant World, L.L.C., Alico Fruit Company, LLC, Alico Land Development Inc., and Alico Citrus Nursery, LLC, as borrowers, and Rabo AgriFinance LLC, formerly known as Rabo AgriFinance, Inc. (“Rabo”), as lender (the “Credit Agreement”), under which, subject to the terms and conditions specified therein, Rabo consents to the Company granting to each of the parties specified in the Amendment an option to purchase land from the Company during time periods and for the amounts specified therein.
  evidence_url: https://www.sec.gov/Archives/edgar/data/3545/000000354523000039/0000003545-23-000039-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.