Morgan Stanley Investment Management (MSIM), through investment funds managed by Morgan Stanley Infrastructure Partners (MSIP) announced it has provided an unsecured term loan to The Pasha Group, a family-owned and third-generation maritime transportation company, to support continued infrastructure investment in the Hawaii trade.
The company’s largest segment of multiple business lines is Pasha Hawaii, an ocean freight and automobile shipping business operating in the U.S. West Coast-Hawaii shipping market. Pasha Hawaii provides critical transportation infrastructure required to support Hawaii’s population and features state-of-the-art vessels with over 40-year useful lives.
With limited on-island inventory and storage capacity in Hawaii, MSIP believes Pasha has established a strong position in the U.S.-Hawaii trade landscape, securing the timely and essential delivery of goods to the islands.
Kirkland & Ellis served as legal counsel for MSIP. And Nixon Peabody served as legal counsel for The Pasha Group, with BofA Securities serving as capital markets advisor.
KEY QUOTE:
“We are excited to partner with The Pasha Group, a company with strong market positioning, resilience, and a stable long-term growth profile. We believe Pasha provides a critical and recurring service to the people of Hawaii and we welcome the opportunity to continue to be a capital partner to the company going forward.”
– Daniel Sailors, Managing Director for MSIP
