secwatch.observer — SEC 8-K summary
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Issuer:     ALICO, INC. (ALCO)
CIK:        0000003545
Form:       8-K
Filed at:   2023-12-27T23:59:59+00:00
Accession:  0000003545-23-000041
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/3545/000000354523000041/0000003545-23-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/3545/000000354523000041/alco-20231221.htm
  HTML page:      https://secwatch.observer/filing/0000003545-23-000041

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