Alexander & Baldwin Extends Its Revolving Credit Facility

Group 1 - Alexander & Baldwin, Inc. has amended its revolving credit facility, extending the term to October 2028 with two six-month extension options and providing a borrowing capacity of $450 million [1] - The interest rate under the amended facility remains unchanged at SOFR plus 1.05%, with a SOFR adjustment of 0.10%, and the facility fee is also unchanged at 0.15% [1] - The company is the only publicly-traded real estate investment trust focusing exclusively on Hawai'i commercial real estate and is the largest owner of grocery-anchored neighborhood shopping centers in the state [3] Group 2 - Alexander & Baldwin, Inc. owns, operates, and manages approximately 4.0 million square feet of commercial space in Hawai'i, including 22 retail centers, 14 industrial assets, and four office properties [3] - The company has a 154-year history and has played a leadership role in the development of various industries in Hawai'i, including agriculture, transportation, tourism, construction, and commercial real estate [3]