05:56 PM EDT, 10/21/2024 (MT Newswires) -- Alexander & Baldwin (ALEX) said late Monday it extended the maturity of its $450 million revolving credit facility to October 2028, with two six-month extension options.

The company said the interest rate remains unchanged at Secured Overnight Financing Rate plus 1.05% based on a leverage-based pricing grid, plus a SOFR adjustment of 0.10%.

The facility fee of 0.15% based on a leverage-based pricing grid is also unchanged, it said.