Matson Announces Closing of USD 100 Million Debt Private Placement
Post date: 29.01.2014 , Views: 279
The Notes have a weighted average life of approximately 14.5 years and bear interest at a rate of 4.35%, payable semi-annually. The proceeds from the private placement of Notes will be used for general corporate purposes.
Joel Wine, Matsons Senior Vice President and Chief Financial Officer commented, We are pleased to have closed this private placement transaction which provides Matson with long-term, unsecured debt at an attractive fixed interest rate and demonstrates the Companys continued strong access to external capital.
Matson, January 29, 2014