Posted at 11:04 a.m., Friday, March 23, 2007
Alexander & Baldwin issues $50M of promissory notes
Advertiser StaffAlexander & Baldwin Inc., owner of Matson Navigation and real estate operations in Hawai'i, has issued $50 million of promissory notes under an agreement with Prudential Investment Management Inc.
The notes were issued on March 20 and carry interest an an annual fixed rate of 5.55 percent, the Honolulu-based company said in a filing at the U.S. Securities and Exchange Commission.
Alexander & Baldwin said it has a three-year unsecured note purchase agreement under which it can issue up to $400 million of notes to Prudential. It entered the agreement with Prudential last year.