debt
confidence medium
sentiment neutral
materiality 0.50
Alico amends credit agreement with MetLife; modifies covenants and reporting requirements
ALICO, INC.
- Seventh Amendment entered on March 31, 2025 with MetLife Investment Management for Metropolitan Life and New England Life.
- Amendment updates reporting, affirmative/restrictive covenants, including RLOC disbursement requests and minimum liquidity.
- Catastrophic insurance coverage, LT covenant, and planned paydown provisions also revised.
- No change to total principal amount, interest rate, or maturity disclosed in the filing.