secwatch.observer — SEC 8-K summary
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Issuer:     ALICO, INC. (ALCO)
CIK:        0000003545
Form:       8-K
Filed at:   2024-06-10T23:59:59+00:00
Accession:  0000003545-24-000070
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Alico signs new Tropicana supply contract covering 65% of citrus acres at prices 33-50% higher
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- New citrus supply agreement with Tropicana effective June 5, 2024 through July 31, 2027, covering ~65% of planted acres.
- Prices per pound solids are 33% to 50% higher than the average price for fruit sold to Tropicana last season.
- Fifteenth Amendment to credit agreement with Rabo AgriFinance permits up to $80M of non-citrus ranch land dispositions in FY2024.
- Additional $10.4M disposition allowed in FY2024 and FY2025 if Hendry Land Sale closes; $15M baseline for FY2024-2026 and beyond.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/3545/000000354524000070/0000003545-24-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/3545/000000354524000070/alco-20240605.htm
  HTML page:      https://secwatch.observer/filing/0000003545-24-000070

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