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Universal Amends Credit Facility

Wachovia arranged it.

Universal

(UVV) - Get Universal Corp 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.

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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.