Maui Land & Pineapple extends $15M credit facility to Dec 2025, releases Kapalua Mauka collateral

MAUI LAND & PINEAPPLE CO INC

$15M revolving credit facility maturity extended to December 31, 2025.
800-acre Kapalua Mauka property released from collateral; three commercial properties remain pledged.
Interest on revolving borrowings at prime minus 1.125%; term loan fixed rates with swap options.
Revolving borrowings can convert to term loans up to 10 years, extending maturity to Dec 2035.
No outstanding debt under the credit facility as of December 23, 2021.

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