ALICO, INC. (ALCO): debt financing — Alico closes $10M refinancing, adds $10M MetLife debt with new terms

ALICO, INC.

Repaid up to $10M outstanding under Prudential Mortgage Capital credit agreement, terminating it.
Entered Eighth Amendment to MetLife Credit Agreement for $10M additional debt, maturing May 1, 2034.
Added real property collateral and revised LTV covenant to require <50% ratio at all times.
Refinancing closed September 29, 2025; affects Alico and five Florida LLC subsidiaries.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

ALICO, INC. amended credit facility of $10 million with MetLife Investment Management, LLC for each of Metropolitan Life Insurance Company and New England Life Insurance Company maturing May 1, 2034.

Instrument: credit facility
Principal: $10 million
Counterparty: MetLife Investment Management, LLC for each of Metropolitan Life Insurance Company and New England Life Insurance Company
Maturity: May 1, 2034
Event: amendment

Exact text from the filing

to, among other things, incur $10 million of additional indebtedness under the MetLife Credit Agreement, with a maturity date of May 1, 2034, amend certain mortgages to add additional real property as collateral, add parties as mortgagors, and modify the loan-to-value ratio covenant

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ALICO, INC. filing history →

Source: SEC EDGAR

accession 0000003545-25-000128

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