Alexander & Baldwin Amends Credit Facility, Adds $200 Million Term Loan to Support Strategic Growth

Alexander & Baldwin has amended its unsecured revolving credit facility, maintaining its $450 million borrowing capacity, and executed a new $200 million term loan facility to strengthen its capital structure and financial flexibility. The term loan matures on November 3, 2030, and the company drew the full $200 million at closing, using the proceeds to repay the $191 million outstanding balance on the revolving credit facility.