Alexander & Baldwin Amends Credit Facility, Adds $200 Million Term Loan to Support Strategic Growth
Alexander & Baldwin (NYSE: ALEX) amended its unsecured revolving credit facility on November 6, 2025, keeping a $450 million revolver and executing a new $200 million term loan.
The company drew the full $200 million at closing, used proceeds to repay the $191 million outstanding revolver balance, and the term loan matures on November 3, 2030. Interest rate swaps lock the $200 million term loan through maturity, producing an all-in weighted average fixed rate of 4.69%. Management said the moves replenish revolving capacity, lower cost of capital, and extend the weighted average maturity of borrowings by about one year to support strategic growth.
Alexander & Baldwin (NYSE: ALEX) ha modificato la sua linea di credito revolving non garantita il 6 novembre 2025, mantenendo un revolver di $450 milioni e stipulando un nuovo prestito a termine di $200 milioni.
L'azienda ha prelevato l'intero importo di $200 milioni al closing, ha utilizzato i proventi per rimborsare il saldo revolver in essere di $191 milioni, e il prestito a termine scade il 3 novembre 2030. Gli swap sui tassi di interesse vincolano il prestito a termine di $200 milioni fino alla scadenza, generando un tasso fisso medio ponderato complessivo dell'4,69%. La direzione ha dichiarato che le mosse riforniscono la capacità revolving, abbassano il costo del capitale e allungano di circa un anno la maturità media ponderata delle obbligazioni/prestiti per sostenere la crescita strategica.
Alexander & Baldwin (NYSE: ALEX) enmendó su facilidad de crédito revolving no garantizado el 6 de noviembre de 2025, manteniendo un revolver de $450 millones y ejecutando un nuevo préstamo a plazo de $200 millones.
La compañía extrajo los $200 millones al cierre, utilizó los fondos para cancelar el saldo pendiente del revolver de $191 millones, y el préstamo a plazo vence el 3 de noviembre de 2030. Los swaps de tasas de interés fijan el préstamo a plazo de $200 millones hasta su vencimiento, obteniendo una tasa fija promedio ponderada global del 4.69%. La dirección dijo que las operaciones reponen la capacidad revolvente, reducen el costo de capital y extienden aproximadamente un año la madurez promedio ponderada de los borrowings para apoyar el crecimiento estratégico.
Alexander & Baldwin (NYSE: ALEX)는 2025년 11월 6일 무담보 회전신용한도(리볼버) 계약을 개정하고 $450백만의 리볼버를 유지하며 $200백만의 신규 만기 대출을 실행했습니다.
회사는 마감 시점에 $200백만를 전액 인출했고, 그 수익을 이용해 $191백만의 미상환 리볼버 잔액을 상환했으며, 만기 대출은 2030년 11월 3일에 만료됩니다. 이자율 스왑은 2억 달러 규모의 만기 대출을 만기까지 고정시키며 합산 가중 평균 고정 금리를 4.69%로 만듭니다. 경영진은 이러한 조치가 유동성 여력을 보충하고 자본 비용을 낮추며 차입의 가중 평균 만기를 약 1년 연장해 전략적 성장을 지원한다고 말했습니다.
Alexander & Baldwin (NYSE: ALEX) a modifié sa facilité de crédit renouvelable non garantie le 6 novembre 2025, en conservant un revolver de $450 millions et en exécutant un nouveau prêt à terme de $200 millions.
La société a tiré l'intégralité des $200 millions à la clôture, a utilisé les fonds pour rembourser le solde en cours du revolver de $191 millions, et le prêt à terme arrive à échéance le 3 novembre 2030. Les swaps de taux d'intérêt verrouillent le prêt à terme de $200 millions jusqu'à l'échéance, produisant un taux fixe moyen pondéré global de 4,69%. La direction a déclaré que les mesures reconstituaient la capacité revolving, réduisent le coût du capital et étendent d'environ un an la maturité moyenne pondérée des emprunts pour soutenir la croissance stratégique.
Alexander & Baldwin (NYSE: ALEX) hat seine ungesicherte revolvierende Kreditfazilität am 6. November 2025 geändert, behält einen revolvierenden Kreditrahmen von $450 Millionen und setzt einen neuen $200 Millionen Term Loan um.
Das Unternehmen zog die vollen $200 Millionen bei Abschluss ab, verwendete die Erlöse, um den ausstehenden Revolver-Saldo von $191 Millionen zu tilgen, und der Term Loan läuft am 3. November 2030 fällig. Zins-Swaps sichern den $200 Millionen Term Loan bis zur Fälligkeit und erzeugen einen all-in gewichteten festen Zinssatz von 4,69%. Das Management sagte, die Maßnahmen würden revolvierende Kapazität erneuern, die Kapitalkosten senken und die durchschnittliche gewichtete Laufzeit der Verbindlichkeiten um etwa ein Jahr verlängern, um das strategische Wachstum zu unterstützen.
Alexander & Baldwin (NYSE: ALEX) عدلت تسهيلها الائتماني القابل للد revolving غير المضمون في 6 نوفمبر 2025، مع الاحتفاظ بمترفع دواليب قدره $450 مليون وتنفذ قرضاً جديداً لأجل قدره $200 مليون.
قامت الشركة بسحب $200 مليون بالكامل عند الإغلاق، واستخدمت العائد لسداد رصيد revolver المستحق البالغ $191 مليون، وينضب القرض لأجل في 3 نوفمبر 2030. تزوج مقايضات سعر الفائدة القرض لأجل قدره $200 مليون حتى تاريخ الاستحقاق، منتجاً معدل فائدة ثابتًا مركبًا إجمالياً قدره 4.69%. قالت الإدارة إن هذه الخطوات تعيّن قدرة دائنة دوارة، وتخفض تكلفة رأس المال، وتطيل متوسط الأجل المرجح للديون بحوالي سنة واحدة لدعم النمو الاستراتيجي.
- Maintains $450M revolving credit capacity
- Drew $200M term loan and repaid $191M revolver balance
- Term loan maturity on Nov 3, 2030 extends debt tenor
- Interest rate swaps lock an all-in fixed rate of 4.69%
- Adds a $200M fixed-rate obligation through 2030
The terms of the amendment are generally consistent with the preceding revolving credit facility and include the addition of the new term loan facility. At closing, the Company drew the full
To align its debt structure with long-term strategy, the Company entered into interest rate swap agreements that lock in the full
"This amendment to the revolving credit facility strengthens Alexander & Baldwin's balance sheet by increasing liquidity and reducing interest expense, while extending the weighted average maturity of our borrowings by approximately one year," said Clayton Chun, Executive Vice President, CFO & Treasurer. "These enhancements improve our financial flexibility and better position us to advance our strategic growth initiatives."
ABOUT ALEXANDER & BALDWIN
Alexander & Baldwin, Inc. (NYSE: ALEX) (A&B) is the only publicly-traded real estate investment trust to focus exclusively on Hawai'i commercial real estate and is the state's largest owner of grocery-anchored, neighborhood shopping centers. A&B owns, operates and manages approximately 4.0 million square feet of commercial space in Hawai'i, including 21 retail centers, 14 industrial assets, and four office properties, as well as 146 acres of ground lease assets. Over its 155-year history, A&B has evolved with the state's economy and played a leadership role in the development of the agricultural, transportation, tourism, construction, residential and commercial real estate industries.
Learn more about A&B at www.alexanderbaldwin.com.
Investor Contact:
Clayton Chun
(808) 525-8475
investorrelations@abhi.com
FORWARD-LOOKING STATEMENTS
Statements in this release that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding possible or assumed future results of operations, business strategies, growth opportunities and competitive positions. In addition, words such as "believes," "expects," "anticipates," "intends," "plans," "estimates," "projects," "forecasts," and future or conditional verbs such as "will," "may," "could," "should," and "would," as well as any other statement that necessarily depends on future events, are intended to identify forward-looking statements. Such forward-looking statements speak only as of the date the statements were made and are not guarantees of future performance. Forward-looking statements are subject to a number of risks, uncertainties, assumptions and other factors that could cause actual results and the timing of certain events to differ materially from those expressed in or implied by the forward-looking statements. These factors include, but are not limited to, prevailing market conditions and other factors related to the Company's REIT status and the Company's business, and the risk factors discussed in Part I, Item 1A of the Company's most recent Form 10-K under the heading "Risk Factors", Form 10-Q, and other filings with the Securities and Exchange Commission. The information in this release should be evaluated in light of these important risk factors. We do not undertake any obligation to update the Company's forward-looking statements.
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SOURCE Alexander & Baldwin
FAQ
What did ALEX announce on November 6, 2025 regarding its credit facilities?
How did ALEX use the $200M term loan it drew on closing?
When does ALEX's new $200M term loan mature and what is the fixed rate?
How does the amendment affect ALEX's liquidity and debt maturity profile?
Will ALEX's revolving credit capacity change after the amendment?
What is the immediate balance sheet impact for ALEX from the transaction?
