---
schema_version: "secwatch.filing_event.v1"
accession: "0001545654-25-000038"
form_type: "8-K"
ticker: null
cik: "0001545654"
company_name: "Alexander & Baldwin, Inc."
filed_at: "2025-11-06T23:59:59+00:00"
generated_at: "2026-05-16T23:40:19.810748+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# A&B amends credit facility, adds $200M term loan, locks 4.69% rate, extends debt maturity

## Summary
- Amended $450M unsecured revolver; added $200M term loan due Nov 3, 2030.
- Drew full $200M at closing, used to repay $191M revolver balance; revolver capacity replenished.
- Entered three swaps locking $200M term loan at weighted average fixed rate of 4.69%.
- CFO cites lower cost of capital, ~1-year extension of weighted average maturity.
- Term loan pricing: 1-month SOFR + 1.15% based on financials grid (Pricing Level I).

## SEC filing metadata
- accession: 0001545654-25-000038
- form_type: 8-K
- cik: 0001545654
- company_name: Alexander & Baldwin, Inc.
- filed_at: 2025-11-06T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1545654/000154565425000038/0001545654-25-000038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1545654/000154565425000038/alex-20251106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001545654-25-000038
- JSON: https://secwatch.observer/filing/0001545654-25-000038.json
- Plain text: https://secwatch.observer/filing/0001545654-25-000038.txt

## Key facts
- Debt Financings
  Alexander & Baldwin, Inc. incurred term loan of $200 million with Bank of America N.A., as administrative agent, and other lenders at 1-month Term SOFR plus 1.15% maturing November 3, 2030.
  - Instrument: term loan
  - Principal: $200 million
  - Counterparty: Bank of America N.A., as administrative agent, and other lenders
  - Rate: 1-month Term SOFR plus 1.15%
  - Maturity: November 3, 2030
  - Event: incurrence
  source text: On November 3, 2025, concurrent with the closing of the A&B Revolver, the Company made its first borrowing request of the entire $200 million commitment under the Term Loan Facility
  evidence_url: https://www.sec.gov/Archives/edgar/data/1545654/000154565425000038/0001545654-25-000038-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.