---
schema_version: "secwatch.filing_event.v1"
accession: "0000003545-24-000107"
form_type: "8-K"
ticker: "ALCO"
cik: "0000003545"
company_name: "ALICO, INC."
filed_at: "2024-09-17T23:59:59+00:00"
generated_at: "2026-05-31T04:24:26.598775+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Alico expands revolving credit facility to $95M, extends maturity to 2034

## Summary
- Revolving line of credit increased from $25M to $95M, secured by ~36,800 acres of citrus land.
- Maturity extended to May 1, 2034; interest-only payments until maturity.
- Proceeds used to pay off $70M Rabo Agrifinance working capital line due Nov 2025.
- Interest rate = SOFR + spread; unused commitment fee begins Aug 25, 2025.
- Default interest rate set at 15% per annum.

## SEC filing metadata
- accession: 0000003545-24-000107
- form_type: 8-K
- ticker: ALCO
- cik: 0000003545
- company_name: ALICO, INC.
- filed_at: 2024-09-17T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/3545/000000354524000107/0000003545-24-000107-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/3545/000000354524000107/alco-20240917.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000003545-24-000107
- JSON: https://secwatch.observer/filing/0000003545-24-000107.json
- Plain text: https://secwatch.observer/filing/0000003545-24-000107.txt

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