secwatch.observer — SEC 8-K summary
======================================

Issuer:     Alexander & Baldwin, Inc. (—)
CIK:        0001545654
Form:       8-K
Filed at:   2025-11-06T23:59:59+00:00
Accession:  0001545654-25-000038
Event type: debt
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1545654/000154565425000038/0001545654-25-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1545654/000154565425000038/alex-20251106.htm
  HTML page:      https://secwatch.observer/filing/0001545654-25-000038

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