Updated at 4:16 p.m., Tuesday, December 12, 2006
Horizon Lines pumps up borrowing flexibility
Advertiser Staff
Horizon Lines Inc., the No. 2 ocean cargo carrier to Hawai'i, said it has amended a borrowing arrangement to provide more flexibility to fund its growth.The company said it had changed several components of the arrangement, including allowing it to borrow more under a revolving credit line and term loan, increasing what it could spend on capital equipment, and how much it can spend on acquisitions.
