Posted at 1:19 p.m., Thursday, December 14, 2006
Horizon Lines makes $25 million debt prepayment
Advertiser StaffHorizon Lines Inc., the No. 2 ocean cargo shipper to Hawai'i, said it is making a $25 million prepayment on $244.4 million of debt through its senior credit facility.
The company said the payment will help it reduce interest costs as it looks to reduce its debt.