secwatch.observer — SEC 8-K summary
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Issuer:     ALICO, INC. (ALCO)
CIK:        0000003545
Form:       8-K
Filed at:   2025-10-01T23:59:59+00:00
Accession:  0000003545-25-000128
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Alico closes $10M refinancing, adds $10M MetLife debt with new terms
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/3545/000000354525000128/0000003545-25-000128-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/3545/000000354525000128/alco-20250929.htm
  HTML page:      https://secwatch.observer/filing/0000003545-25-000128

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