---
schema_version: "secwatch.filing_event.v1"
accession: "0000003545-23-000041"
form_type: "8-K"
ticker: "ALCO"
cik: "0000003545"
company_name: "ALICO, INC."
filed_at: "2023-12-27T23:59:59+00:00"
generated_at: "2026-06-07T07:09:00.925305+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Alico completes $77.6M sale of 17,229 acres to State of Florida, pays down debt

## Summary
- Sold 17,229 acres of Alico Ranch to State of Florida for gross proceeds of $77.6M.
- Used $43.3M to repay Working Capital Line of Credit and $19.1M to retire Variable Rate Term Debt.
- Remaining proceeds retained for general corporate purposes.
- Sale completed under Florida Forever Program; state approved purchase on Sep 21, 2023.

## SEC filing metadata
- accession: 0000003545-23-000041
- form_type: 8-K
- ticker: ALCO
- cik: 0000003545
- company_name: ALICO, INC.
- filed_at: 2023-12-27T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/3545/000000354523000041/0000003545-23-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/3545/000000354523000041/alco-20231221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000003545-23-000041
- JSON: https://secwatch.observer/filing/0000003545-23-000041.json
- Plain text: https://secwatch.observer/filing/0000003545-23-000041.txt

## Key facts
- M&A Transactions
  ALICO, INC. completed a disposition involving Board of Trustees of the Internal Improvement Trust Fund of the State of Florida for $77,630,500 (closed 2023-12-21).
  - Action: disposition
  - Counterparty: Board of Trustees of the Internal Improvement Trust Fund of the State of Florida
  - Consideration: $77,630,500
  - Closing: 2023-12-21
  source text: On December 21, 2023, the Sale was consummated and the Company received gross proceeds of $77,630,500.
  evidence_url: https://www.sec.gov/Archives/edgar/data/3545/000000354523000041/0000003545-23-000041-index.htm

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