Maui Land & Pineapple Enters Material Agreement

TL;DR

MLP signed a big deal on 12/22/25, details TBD.

AI Summary

Maui Land & Pineapple Company, Inc. (MLP) entered into a Material Definitive Agreement on December 22, 2025. The filing does not disclose the specific nature or terms of this agreement, only that it is a significant event requiring an 8-K filing.

Why It Matters

This filing indicates a significant business development for Maui Land & Pineapple Company, Inc., which could impact its operations, financial standing, or strategic direction.

Risk Assessment

Risk Level: medium — The lack of specific details about the material definitive agreement introduces uncertainty regarding its potential impact on the company.

Key Players & Entities

• MAUI LAND & PINEAPPLE COMPANY, INC. (company) — Registrant
• December 22, 2025 (date) — Date of earliest event reported
• MLP (company) — Trading Symbol
• New York Stock Exchange (company) — Exchange where Common Stock is registered

FAQ

Key Financial Figures

• $0.0001 — nge on which registered Common Stock , $0.0001 par value MLP New York Stock Exchan
• $15.0 m — Agreements amend the Company's previous $15.0 million, four-year revolving line of cred
• $25.0 m — " Credit Facility ") with the Bank to a $25.0 million, five-year revolving Credit Facil
• $25.0 million — ding principal balance shall not exceed $25.0 million. Interest on revolving borrowing is at
• $3.0 million — At December 22, 2025, the Company had $3.0 million outstanding debt under the Credit Facil

Filing Documents

• mlp20251226_8k.htm (8-K) — 22KB
• 0001437749-25-038852.txt ( ) — 148KB
• mlp-20251222.xsd (EX-101.SCH) — 3KB
• mlp-20251222_def.xml (EX-101.DEF) — 11KB
• mlp-20251222_lab.xml (EX-101.LAB) — 15KB
• mlp-20251222_pre.xml (EX-101.PRE) — 11KB
• mlp20251226_8k_htm.xml (XML) — 3KB

01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT On December 22, 2025, Maui Land & Pineapple Company, Inc. (" Company ") executed a Sixth Loan Modification Agreement, Third Amended and Restated Credit Agreement, and Second Amended and Restated Note (" Agreements ") with First Hawaiian Bank (" Bank ") to be effective December 22, 2025. The Agreements amend the Company's previous $15.0 million, four-year revolving line of credit facility (" Credit Facility ") with the Bank to a $25.0 million, five-year revolving Credit Facility. "We are grateful for First Hawaiian Bank's continued partnership and confidence in our renewed vision for MLP's exceptional portfolio of assets," said Wade Kodama, Chief Financial Officer at Maui Land & Pineapple Company, Inc. "Expanding and extending this credit facility strengthens our foundation, enabling us to deploy capital to advance efforts that maximize the productive use of our assets to meet community needs and drive sustainable growth." The Agreements extend the maturity date of the Credit Facility to December 31, 2030, and provide options for revolving or term loan borrowings. The aggregate outstanding principal balance shall not exceed $25.0 million. Interest on revolving borrowing is at the Bank's prime rate minus 1.125 percentage points. Interest on term loan borrowing is fixed at the Bank's commercial loan rates with interest rate swap options available. Revolving borrowing may be converted to a term loan for up to a 10-year term which could extend maturity of the term loan to December 31, 2040. The Company's three premier commercial properties totaling approximately 30,000 square feet of leased space in the Kapalua Resort remains pledged as security for the Credit Facility. At December 22, 2025, the Company had $3.0 million outstanding debt under the Credit Facility. The foregoing summary of the terms of the Agreements are not complete and are qualified in their entirety by reference to the full texts of the Agreemen

View Full Filing

View this 8-K filing on SEC EDGAR