Maui Land & Pineapple Expands Credit Facility to $25 Million with First Hawaiian Bank
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Maui Land & Pineapple Company, Inc. has increased its revolving line of credit with First Hawaiian Bank from $15 million to $25 million, extending the maturity to December 31, 2030. The five-year facility includes options for revolving and term loan borrowings, with interest on revolving borrowings at the bank’s prime rate minus 1.125 percentage points. This expanded credit facility aims to enhance asset productivity and support sustainable growth.
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