LONG BEACH, Calif., March 27, 2014 (GLOBE NEWSWIRE) -- UTi Worldwide Inc. (Nasdaq:UTIW) today announced the successful closing of its senior secured asset-based revolving credit facility (the "ABL Facility") with Citigroup Global Markets Inc., Morgan Stanley Senior Funding, Inc. and Bank of the West. The ABL Facility provides commitments of $150 million and expires in five years. Borrowings under the ABL Facility are subject to a borrowing base calculated by reference to accounts receivable in the United States and Canada .
UTi Worldwide Announces Closing Of Senior Secured Asset-Based Revolving Credit Facility
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