ALCO...Alico...trying to reason with hurricane season... Alico Converts $50 Million of Its Line of Credit to a Fixed Interest 10 Year Term Note Monday September 8, 4:59 pm ET
LABELLE, Fla., Sept. 8, 2008 (GLOBE NEWSWIRE) -- Alico, Inc. (NasdaqGS:ALCO - News), a land management company, announced today that on September 3, 2008 the Company converted $50,000,000 of the outstanding balance on its $175,000,000 Revolving Line of Credit with Farm Credit of Southwest Florida to a 10 year term loan bearing a fixed interest rate of 6.79% with equal payments of principal and interest of $1,712,403.26 per quarter until maturity. http://biz.yahoo.com/pz/080908/149919.html
Do your own due dilligence. Never buy or sell securities based on non-professional advice from the polka community.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.