Alico, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt and Lines of Credit (Tables)

Long-Term Debt and Lines of Credit (Tables)

3 Months Ended

Dec. 31, 2021

Schedule of long-term debt, net of current portion

The following table summarizes long-term debt and related deferred financing costs, net of accumulated amortization at December 31, 2021 and September 30, 2021:

	December 31, 2021				September 30, 2021
(in thousands)	Principal		Deferred Financing Costs, Net		Principal		Deferred Financing Costs, Net
Long-term debt, net of current portion:
Met Fixed-Rate Term Loans	$	70,000	$	501	$	70,000	$	524
Met Variable-Rate Term Loans		37,375		230		38,094		241
Met Citree Term Loan		4,200		31		4,263		31
Pru Loans A & B		13,647		186		13,937		190
		125,222		948		126,294		986
Less current portion		4,285		—		4,285		—
Long-term debt	$	120,937	$	948	$	122,009	$	986

Schedule of lines of credit

The following table summarizes lines of credit and related deferred financing costs, net of accumulated amortization at December 31, 2021 and September 30, 2021:

	December 31, 2021				September 30, 2021
(in thousands)	Principal		Deferred Financing Costs, Net		Principal		Deferred Financing Costs, Net
Lines of Credit:
RLOC	$	—	$	122	$	—	$	126
WCLC		9,377		—		—		—
Lines of Credit	$	9,377	$	122	$	—	$	126

Schedule of future maturities of debt and lines of credit

Future maturities of long-term debt and lines of credit as of December 31, 2021 are as follows:

(in thousands)
	December 31, 2021
Due within one year	$	4,285
Due between one and two years		13,662
Due between two and three years		4,285
Due between three and four years		4,285
Due between four and five years		4,285
Due beyond five years		103,797

Total future maturities	$	134,599

Schedule of interest costs expensed and capitalized

Interest costs expensed and capitalized were as follows:

(in thousands)
	Three Months Ended December 31,
	2021		2020
Interest expense	$	901	$	1,189
Interest capitalized		303		312
Total	$	1,204	$	1,501

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details