2014

Matson Announces Closing of $100 Million Debt Private Placement

HONOLULU, Jan. 28, 2014 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE: MATX), a leading U.S. carrier in the Pacific, is pleased to announce the issuance today of $100 million in 30-year final maturity senior unsecured notes (the "Notes") pursuant to a previously announced private placement on November 6, 2013.  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.

(Logo: http://photos.prnewswire.com/prnh/20120605/SF19690LOGO)

Joel Wine, Matson's 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 Company's continued strong access to external capital."

About the Company
Founded in 1882, Matson is a leading U.S. carrier in the Pacific. Matson provides a vital lifeline to the island economies of Hawaii, Guam, Micronesia and select South Pacific islands, and operates a premium, expedited service from China to Southern California.  The Company's fleet of 18 vessels includes containerships, combination container and roll-on/roll-off ships and custom-designed barges. Matson Logistics, established in 1987, extends the geographic reach of Matson's transportation network throughout the continental U.S. Its integrated, asset-light logistics services include rail intermodal, highway brokerage and warehousing. Additional information about Matson, Inc. is available at www.matson.com.

Investor Relations inquiries:

Media inquiries:

Jerome Holland

Jeff S. Hull

Matson, Inc.

Matson, Inc.

510.628.4021

510.628.4534

jholland@matson.com

jhull@matson.com

 

SOURCE Matson, Inc.



RELATED LINKS
http://matson.com

More by this Source


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.