POSTED: 9:02 a.m. HST, Oct 6, 2011
Hawaiian Telcom said it has extended its $30 million revolving credit facility for another four years.
The agreement with its lenders allows Hawaiian Telcom to borrow funds at anytime until Oct. 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 Yeaman, Hawaiian Telcom’s president and chief executive officer.
Hawaiian Telcom has reported profits in the first two quarters of this year after emerging from bankruptcy protection last fall. The company is in the process of negotiating a contract with its unionized workers to replace a labor agreement that expired last month.