Universal Amends Credit Facility

Wachovia arranged it.
Publish date:


(UVV) - Get Report

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.

This story was created through a joint venture between TheStreet.com and IRIS.