By Devika Patel
Knoxville, Tenn., Nov. 17 – Alexander & Baldwin, Inc. agreed to sell $25 million 11-year 4.16% shelf notes through a private placement on Oct. 30, according to a 10-Q filed with the Securities and Exchange Commission.
The notes will be sold through a second rate lock commitment under a second amended and restated note purchase and private shelf agreement with Prudential Capital Group.
Proceeds will be used for general corporate purposes.
Alexander & Baldwin's business includes transportation, real estate and agribusiness industries primarily in Hawaii. The company is based in Honolulu.
| Issuer: | Alexander & Baldwin, Inc.
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| Issue: | Shelf notes
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| Amount: | $25 million
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| Maturity: | Dec. 8, 2028
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| Coupon: | 4.16%
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| Pricing date: | Oct. 30
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| Distribution: | Private placement
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