secwatch.observer — SEC 8-K summary
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Issuer:     MAUI LAND & PINEAPPLE CO INC (MLP)
CIK:        0000063330
Form:       8-K
Filed at:   2025-12-29T23:59:59+00:00
Accession:  0001437749-25-038852
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/63330/000143774925038852/0001437749-25-038852-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/63330/000143774925038852/mlp20251226_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-038852

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