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Alico Secures New Credit Agreement with MetLife

Story Highlights
  • Alico, Inc. repaid borrowings under a previous loan agreement, terminating the Prudential Credit Agreement.
  • Alico secured an additional $10 million in indebtedness with MetLife, amending mortgages and covenants.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Alico Secures New Credit Agreement with MetLife

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Alico ( (ALCO) ) has issued an update.

On September 29, 2025, Alico, Inc. completed a refinancing transaction involving several of its Florida-based subsidiaries. The company repaid all outstanding borrowings under a previous loan agreement with Prudential Mortgage Capital Company, terminating the Prudential Credit Agreement. Concurrently, Alico entered into an Eighth Amendment to its credit agreement with MetLife Investment Management, securing an additional $10 million in indebtedness with a maturity date of May 1, 2034. This amendment also involved changes to mortgages and loan-to-value ratio covenants, potentially impacting the company’s financial strategy and stakeholder interests.

The most recent analyst rating on (ALCO) stock is a Hold with a $33.00 price target. To see the full list of analyst forecasts on Alico stock, see the ALCO Stock Forecast page.

Spark’s Take on ALCO Stock

According to Spark, TipRanks’ AI Analyst, ALCO is a Neutral.

Alico’s overall stock score is primarily impacted by its weak financial performance, with significant challenges in revenue and profitability. While technical indicators and earnings call insights provide some positive aspects, the negative P/E ratio and ongoing operational inefficiencies weigh heavily on the score. The company’s strategic transformation and strong cash position offer some hope for future improvement.

To see Spark’s full report on ALCO stock, click here.

More about Alico

Average Trading Volume: 24,262

Technical Sentiment Signal: Buy

Current Market Cap: $256.5M

See more insights into ALCO stock on TipRanks’ Stock Analysis page.

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