Alico, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Long-Term Debt and Lines of Credit (Tables)

Long-Term Debt and Lines of Credit (Tables)

12 Months Ended

Sep. 30, 2022

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 September 30, 2022 and September 30, 2021:


	September 30, 2022				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	$	435	$	70,000	$	524
Met Variable-Rate Term Loans		19,906		113		38,094		241
Met Citree Term Loan		4,013		27		4,263		31
Pru Loans A & B		12,777		173		13,937		190
		106,696		748		126,294		986
Less current portion		3,035		—		4,285		—
Long-term debt	$	103,661	$	748	$	122,009	$	986

Schedule of lines of credit

The following table summarizes amounts outstanding under lines of credit and related deferred financing costs, net of accumulated amortization at September 30, 2022 and September 30, 2021:


	September 30, 2022				September 30, 2021
(in thousands)	Principal		Deferred Financing Costs, Net		Principal		Deferred Financing Costs, Net
Lines of Credit:
RLOC	$	—	$	110	$	—	$	126
WCLC		4,928		—		—		—
Lines of Credit	$	4,928	$	110	$	—	$	126

Schedule of future maturities of debt and lines of credit

Future maturities of long-term debt and lines of credit as of September 30, 2022 are as follows:


(in thousands)	September 30, 2022
Due within one year	$	3,035
Due between one and two years		3,035
Due between two and three years		7,963
Due between three and four years		3,035
Due between four and five years		3,035
Due beyond five years		91,521
Total future maturities	$	111,624

Schedule of interest costs expensed and capitalized

Interest costs expensed and capitalized were as follows:


(in thousands)	Fiscal Year Ended September 30,
	2022		2021		2020
Interest expense	$	3,324	$	3,987	$	5,981
Interest capitalized		1,493		1,431		1,228
Total	$	4,817	$	5,418	$	7,209

- 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