Universal Amends Credit Facility

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TSC and IRIS Staff

03/29/06 - 02:19 PM EST

Universal(UVV Quote) amended its $500 million revolving credit facility.

The Richmond, Va.-based company said that now it no longer seeks a term loan from its bank group in the light of successful issuance of its 6.75% convertible perpetual preferred stock.

Wachovia Bank arranged the amendment as an administrative agent for the revolving credit facility.

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