Maui Land & Pineapple Company, Inc. has amended its existing revolving line of credit facility with First Hawaiian Bank, increasing the total available credit from $15 million to $25 million and extending the maturity date to December 31, 2030. The revised five-year facility offers options for both revolving and term loan borrowings, with interest on revolving borrowings set at the bank's prime rate minus 1.125 percentage points. The company stated that the expanded and extended credit facility will support efforts to maximize the productive use of its assets and drive sustainable growth.
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