Alexander & Baldwin Inc. closed $100 million in debt financing during the fourth quarter of 2017.
The financing comprises $50 million of 4.04% fixed-rate term notes maturing in 2026; $25 million of 4.16% fixed-rate term notes maturing in 2028; and $25 million of 4.30% fixed-rate term notes maturing in 2029.
In addition, the diversified real estate investment trust closed in the first quarter a bank term loan facility worth $50 million maturing in 2023. The facility bears an interest rate based on the London Interbank Offered Rate.
