HONOLULU - Matson, Inc. (“Matson” or the “Company”) (NYSE: MATX), a leading U.S. carrier in the Pacific, today announced that it has entered into amendments to its existing unsecured revolving credit facility and long-term private note agreements. The Company’s existing $400 million unsecured revolving credit facility with a syndicate of banks was increased to $650 million and extended for a new five-year term, maturing June 2022.  In addition, the facility includes a number of amended terms, including modifications to certain definitions and covenants.  Outstanding borrowings under the revolving credit facility as of June 29, 2017 were $81 million.  Bank of America, N.A. remains as Administrative Agent, and Merrill Lynch, Pierce, Fenner & Smith Incorporated and First Hawaiian Bank continue to serve as joint lead arrangers for the amended and extended revolving credit facility. Matson also entered into a number of amendments to its existing note purchase agreements, including modifications to certain definitions and covenants.  In particular, the consolidated leverage ratio covenant has been amended to provide for additional covenant flexibility during Matson’s new vessel construction period.  Outstanding borrowings under these note agreements as of June 29, 2017 totaled $614.4 million. “Matson continues to enjoy strong support and access to attractive debt capital from its bank group and private lenders,” said Joel Wine, Matson’s Senior Vice President and Chief Financial Officer. “The upsizing and extension of our revolving credit facility, combined with the amendments to our private debt agreements will provide additional balance sheet flexibility as we progress with funding the construction of four new vessels for our Hawaii fleet.”