Alexander & Baldwin Secures $200 Million Term Loan and Amends $450 Million Credit Facility
Alexander & Baldwin Inc. has secured a $200 million term loan and amended its $450 million revolving credit facility. The company fully drew the term loan to repay $191 million of the revolving credit. The term loan matures on November 3, 2030, with an interest rate fixed at 4.69%. These changes aim to enhance financial flexibility, reduce interest expenses, and extend the maturity of borrowings.
Alexander & Baldwin Inc. has amended its unsecured revolving credit facility, maintaining a $450 million borrowing capacity and establishing a new $200 million term loan facility. The company drew the full term loan amount at closing, using the proceeds to repay the $191 million outstanding balance on the revolving credit facility. The term loan matures on November 3, 2030. To support its long-term strategy, Alexander & Baldwin entered into interest rate swap agreements, fixing the full $200 million term loan at an all-in weighted average rate of 4.69% through maturity. These changes are aimed at improving financial flexibility, reducing interest expenses, and extending the average maturity of the company’s borrowings. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Alexander & Baldwin Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: LA18166) on November 06, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)
