HONOLULU - Photo courtesy of HTA
Photo courtesy of HTA

Hawaiian Telcom’s Financial Boost

Hawaiian Telcom Holdco, Inc. (NASDAQ: HCOM) announced this week “the successful completion of an amendment and extension of its $30 million revolving credit facility.”

“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. K. Yeaman, Hawaiian Telcom’s president and CEO.

First Hawaiian Bank is backing the company’s strategic plan.

Report: Hawaii Weekly Unemployment Down

Statewide initial unemployment claims decreased by 18.4%, with this week’s total filings of 1,788 and filings during the same week in 2010 of 2,192.

Comparing 2011 to 2010 for the counties:

  • Oahu had 213 fewer claims filed
  • Hawaii had 24 fewer claims filed
  • Maui had 110 fewer claims filed
  • Kauai had 61 fewer claims filed

In changes, comparing the current week to the same week a year ago:

  • Oahu had a 18.0% decrease
  • Hawaii had a 6.0% decrease
  • Maui had a 30.1% decrease
  • Kauai had a 35.9% decrease

Honolulu Ranked Third Best City

Businessweek.com ranked Honolulu as the third best city in America for overall quality of life, which in part looked at air quality.

The report adds: “From the prominent slopes of Diamond Head to the white beaches of Waikiki, Honolulu is a beautiful place to live and play. The area has done well through the recession, with extremely low unemployment and a low level of foreclosures.”

“We all know Honolulu is a fantastic place, and it’s great to have that recognized by an organization that has compared our quality of life with that of other great cities,” Honolulu Mayor Peter Carlisle said in a news release.

Beating out Honolulu for top spots were Raleigh, North Carolina in first and Arlington, Virginia, in second.

See the full report at: http://www.businessweek.com/lifestyle/which-is-americas-best-city-09202011.html

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