Joel Wine News

14 Sep 2016

Matson Closes $200 Mln Debt Private Placement

Matson, Inc. announced the issuance of $200 million in privately placed 15-year final maturity senior unsecured notes pursuant to a previously announced commitment letter on July 18, 2016. The notes will have a weighted average life of approximately 8.5 years and will bear interest at a rate of 3.14 percent, payable semiannually. Matson said it plans to proceeds from the notes to pay down the its revolving credit facility and for general corporate purposes. Joel Wine, Matson's Senior Vice President and Chief Financial Officer commented, “We are pleased to complete this attractive fixed rate financing that will pay down our revolving credit facility and strengthen our balance sheet as we progress with our four vessel Hawaii fleet renewal program.

21 Oct 2015

Matson To Announce 3Q 2015 Results

Courtesy Matson, Inc.

Matson, Inc. announced today that it will release its financial results for the Third Quarter 2015 on Wednesday, November 4, 2015. A conference call is scheduled for 4:30 p.m. EST when Matt Cox, President and Chief Executive Officer, and Joel Wine, Senior Vice President and Chief Financial Officer, will discuss Matson's third quarter results. Scheduled Time: 4:30 p.m. EST / 1:30 p.m. PST / 11:30 a.m. The conference call will be broadcast live along with a slide presentation on the Company's website at www.matson.com; Investor Relations.

01 Oct 2015

Matson Closes $75mln Debt Private Placement

Matson, Inc., a U.S. carrier in the Pacific, announced today the issuance of $75 million in 30-year final maturity senior unsecured notes pursuant to a previously announced private placement on July 30, 2015. The notes will have a weighted average life of approximately 13 years and will bear interest at a rate of 3.92 percent, payable semiannually. The proceeds from the private placement of notes will be used for general corporate purposes, which may include paying down the company's revolving credit facility. Joel Wine, Matson's Senior Vice President and Chief Financial Officer commented, “We are pleased to have closed this private placement transaction.

05 Feb 2015

Matson to Announce Q4, 2014 Results

Matthew Cox

Matson, Inc. will release its financial results for the Fourth Quarter and Full Year 2014 on Tuesday, February 24, 2015. Matthew Cox, President and Chief Executive Officer, and Joel Wine, Senior Vice President and Chief Financial Officer, will discuss Matson's fourth quarter and full year 2014 results and provide a business outlook for 2015 during a conference call scheduled for 4:30 p.m. EST/1:30 p.m. PST/11:30 a.m. HST.

20 Jul 2014

Matson to Release Q2 2014 Financial Results

Matson containerships: Image courtesy of Matson

Leading U.S. carrier in the Pacific, Matson, Inc., informs it will release its financial results for the Second Quarter 2014 on Thursday, July 31, 2014. President and Chief Executive Officer Matthew Cox and Senior Vice President and Chief Financial Officer Joel Wine will discuss the results for the second quarter through a conference call that will occur after financial results are released. The earnings conference call is scheduled at 4:30 p.m. EDT/1:30 p.m. PDT/10:30 a.m. HST.

28 Jan 2014

Matson Closes $100 Million Debt Private Placement

Matson, Inc., a U.S. carrier in the Pacific, announced the issuance today of $100 million in 30-year final maturity senior unsecured 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 semiannually. The proceeds from the private placement of notes will be used for general corporate purposes. 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." matson.com

22 Jan 2014

Matson to Announce 2013 Results

Matson, Inc. has announced that it will release its financial results for the Fourth Quarter and Full Year 2013 on Tuesday, February 25, 2014. President and Chief Executive Officer Matthew Cox and Senior Vice President and Chief Financial Officer Joel Wine will discuss the results for the fourth quarter and full year through a conference call that will occur after financial results are released. The earnings conference call is scheduled at 4:30 p.m. EST/1:30 p.m. PST/11:30 a.m. HST.

06 Nov 2013

Matson Enters Private Placement Agreement

Matson, Inc., a U.S. carrier in the Pacific, announced that it has entered into a private placement agreement pursuant to which Matson will issue $100 million of 30-year senior unsecured notes. The notes will have a weighted average life of approximately 14.5 years and will bear an interest rate of 4.35 percent, payable semiannually. The notes are expected to be issued in January 2014, subject to satisfying customary closing conditions, and the proceeds are expected to be used for general corporate purposes. The notes have financial covenants that are substantially the same as the Company's existing outstanding senior unsecured notes. The notes will begin to amortize in 2021, with annual principal payments of $5-$10 million until 2028.

23 Oct 2013

Matson Set Date fo Q3 2013 Financial Release

Matson logo

The Board of Directors of Matson, a leading U.S. carrier in the Pacific, announced that it will release its financial results for the Third Quarter 2013 on Wednesday, November 6, 2013. President and Chief Executive Officer Matthew Cox and Senior Vice President and Chief Financial Officer Joel Wine will discuss the results for the third quarter through a conference call that will occur after financial results are released. The earnings conference call is scheduled at 4:30 p.m. EST/1:30 p.m. PST/11:30 a.m.

08 Jun 2012

Matson Planned Separation on Track

Alexander & Baldwin Holdings, successor by merger to Alexander & Baldwin, Inc., has announced that its wholly-owned subsidiary, Matson Navigation Company, Inc. ("Matson Navigation"), has entered into a series of debt financing agreements undertaken on behalf of Matson, Inc. ("Matson") as part of the previously announced plan to separate the Company's transportation and land businesses into two publicly traded companies. "We are pleased to announce that we have secured these important debt financing agreements, which mark an important step toward the establishment of Matson as a stand-alone company," said Matt Cox, president of Matson Navigation.

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