Posted at 11:46 a.m., Thursday, January 4, 2007
A&B gets $325 million credit line from several banks
Advertiser Staff
Alexander & Baldwin Inc. and its subsidiary, Matson Navigation subsidiary, have lined up $325 in new financing through a consortium of banks that include First Hawaiian, American Savings Bank and Bank of Hawaii.The Honolulu-based Alexander & Baldwin said it got a revolving credit faciity of $225 million,, while Matson's credit agreement was for $100 million, according to a filing at the U.S. Securities and Exchange Commission.
The company said the credit agreements take the place of prior credit lines totaling $358.5 million and expire in December 2011.
