secwatch.observer — SEC 8-K summary
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Issuer:     ALICO, INC. (ALCO)
CIK:        0000003545
Form:       8-K
Filed at:   2023-12-19T23:59:59+00:00
Accession:  0000003545-23-000039
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/3545/000000354523000039/0000003545-23-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/3545/000000354523000039/alco-20231215.htm
  HTML page:      https://secwatch.observer/filing/0000003545-23-000039

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer