Alico, Inc. Announces Amendment to its Revolving Line of Credit with MetLife
Alico, Inc. (ALCO)
US:NASDAQ Investor Relations:
ir.stockpr.com/alicoinc/investor-home
Company Research
Source: GlobeNewswire
FORT MYERS, Fla., Sept. 17, 2024 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico”) (Nasdaq: ALCO) announced that, effective September 17 2024, it has amended its Credit Agreement (the “Amendment”) with Metropolitan Life Insurance Company, and New England Life Insurance Company (collectively “MetLife”), which, among other things (i) increases the borrowing capacity under the revolving line of credit (the “RLOC”) from $25 million to $95 million and (ii) now extends the maturity date of the RLOC to May 1, 2034. The RLOC is secured by real property, consisting of approximately 36,800 gross acres of citrus land. In addition, in connection with the Amendment, the Company paid off its current borrowings under the $70 million working capital line of credit, subject to cancellation of its outstanding letters of credit, with Rabo Agrifinance, Inc. and replaced the Rabo Agrifinance working capital line of credit, which was due to mature on November 1, 2025. Borrowings under the RLOC bear interest at
Show less
Read more
Impact Snapshot
Event Time:
ALCO
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ALCO alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ALCO alerts
High impacting Alico, Inc. news events
Weekly update
A roundup of the hottest topics
ALCO
News
- Alico to Discuss Strategic Transformation Progress at the 37th Annual ROTH Conference [Yahoo! Finance]Yahoo! Finance
- Alico to Discuss Strategic Transformation Progress at the 37th Annual ROTH ConferenceGlobeNewswire
- Alico, Inc. (NASDAQ: ALCO) was upgraded by analysts at StockNews.com to a "sell" rating.MarketBeat
- Alico Inc (ALCO) Q1 2025 Earnings Call Highlights: Strategic Transformation Amidst Challenges [Yahoo! Finance]Yahoo! Finance
- Alico, Inc. Announces Financial Results for the First Quarter Ended December 31, 2024 [Yahoo! Finance]Yahoo! Finance
ALCO
Earnings
- 12/2/24 - Miss
ALCO
Sec Filings
- 2/28/25 - Form 8-K
- 2/12/25 - Form 10-Q
- 2/12/25 - Form 8-K
- ALCO's page on the SEC website