Maui Land & Pineapple increases credit facility to $25M, extends to 2030

MAUI LAND & PINEAPPLE CO INC

Credit facility expanded from $15M to $25M, maturity extended to Dec 31, 2030.
Interest on revolving borrowings is prime rate minus 1.125 percentage points.
Revolving loans can convert to term loans up to 10 years, extending to 2040.
$3.0M outstanding as of Dec 22, 2025; three Kapalua Resort properties remain pledged as collateral.
CFO Wade Kodama said the expanded facility will support capital deployment for sustainable growth.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

MAUI LAND & PINEAPPLE CO INC amended Third Amended and Restated Credit Agreement with First Hawaiian Bank valued at $25.0 million (effective 2025-12-22).

Action: amendment
Agreement: credit facility
Counterparty: First Hawaiian Bank
Value: $25.0 million
Effective: 2025-12-22

Exact text from the filing

On December 22, 2025, Maui Land & Pineapple Company, Inc. (“ Company ”) executed a Sixth Loan Modification Agreement, Third Amended and Restated Credit Agreement, and Second Amended and Restated Note (“ Agreements ”) with First Hawaiian Bank (“ Bank ”) to be effective December 22, 2025. The Agreements amend the Company’s previous $15.0 million, four-year revolving line of credit facility (“ Credit Facility ”) with the Bank to a $25.0 million, five-year revolving Credit Facility.

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299 material agreements filed in the last 30 days. Browse all material agreements →

MAUI LAND & PINEAPPLE CO INC filing history →

Source: SEC EDGAR

accession 0001437749-25-038852

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