Posted at 10:48 a.m., Tuesday, December 19, 2006
Maui Land & Pine ups line of credit to $25 million
Advertiser Staff
Maui Land & Pineapple Co. will have access to up to $25 million under its revolving credit line after amending the agreement with lender American AGCredit, FLCA.The Kahului-based company, in a filing at the U.S. Securities and Exchange Commission, said its line of credit had been $15 million. The company also extended the draw period and by two years to June 2011.
It also disclosed the credit line can automatically be extended until June 2026 if no default occurs.
