Maui Business

Hawaiian Telcom Gets Extension on $30M Credit Line

October 6, 2011, 8:14 AM HST
* Updated October 6, 2:32 PM
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Eric. K. Yeaman, Hawaiian Telcom’s president and CEO. Courtesy photo.

By Sonia Isotov

Hawaiian Telcom Holdco, Inc. announced today the successful completion of an amendment and extension of its $30 million credit line with First Hawaiian Bank.

The terms of the amended $30 million undrawn revolving credit facility have remained substantially the same, but the company has extended its maturity to October 3, 2015.

“We are very pleased with the execution of this transaction as it extends the maturity profile of our revolver and strengthens the overall liquidity position of the company,” said Eric. K. Yeaman, Hawaiian Telcom’s president and chief executive officer, in a written statement.  “We appreciate the support of our local banking partner, First Hawaiian Bank, on this transaction and the confidence they have in our ability to execute our strategic plan.”

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