Brief: Universal Logistics Holdings Closes New $350.0 Mln Credit Facility

Universal Logistics Holdings (Nevada)

28/11/2018 21:03

Nov 28 (Reuters) - Universal Logistics Holdings Inc  ULH.O :
    * UNIVERSAL LOGISTICS HOLDINGS CLOSES NEW $350.0 MILLION
CREDIT
FACILITY
    * UNIVERSAL LOGISTICS HOLDINGS INC - CREDIT FACILITY
CONSISTS OF A
$150.0 MILLION TERM LOAN AND A $200.0 MILLION REVOLVING LOAN
    * UNIVERSAL LOGISTICS - EXPECTS NEW CREDIT FACILITY TO
PROVIDE
REQUISITE LIQUIDITY TO CONTINUE ITS ACQUISITION STRATEGY
    * UNIVERSAL LOGISTICS HOLDINGS INC - BORROWINGS UNDER $200.0
MILLION REVOLVING LOAN MAY BE MADE UNTIL MATURITY DATE, WHICH IS
NOVEMBER 26, 2023
    * UNIVERSAL LOGISTICS HOLDINGS INC - PROCEEDS FROM $150.0
MILLION
TERM LOAN WERE ADVANCED ON NOVEMBER 27, 2018 AND MATURE ON
NOVEMBER 26, 2023

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