secwatch.observer — SEC 8-K summary
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Issuer:     MAUI LAND & PINEAPPLE CO INC (MLP)
CIK:        0000063330
Form:       8-K
Filed at:   2021-12-28T23:59:59+00:00
Accession:  0001437749-21-029346
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/63330/000143774921029346/0001437749-21-029346-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/63330/000143774921029346/mlp20211223_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-029346

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