United Stationers Closes Revolving Credit Facility Of $700 Mln

(RTTNews) - United Stationers Inc. (USTR), Tuesday said it closed an amendment and extension of its $700 million revolving credit facility with a syndicate of financial institutions. This amendment extends the expiration date of the facility to July 6, 2018.

The revolving credit facility will be used for strategic growth initiatives, working capital and other general corporate purposes. All twelve of the financial institutions in the prior revolving credit facility participated in the extension, with J.P. Morgan Securities LLC, U.S. Bank N.A. and Wells Fargo Securities, LLC serving as joint lead arrangers.