USI Holdings Corporation Announces Expansion of Credit Facility
22 Septembre 2006 - 10:10PM
Business Wire
USI Holdings Corporation (NASDAQ: USIH) today announced that it is
seeking to raise an additional $100 million of term loan debt
through an "accordion" feature under its existing credit agreement
with lenders. The Company intends to use the proceeds from the
incremental $100 million term loan to pay down borrowings
outstanding under the Company's revolving credit facility and to
fund future acquisitions. About USI Holdings Corporation - Founded
in 1994, USI is a leading distributor of insurance and financial
products and services to businesses throughout the United States.
USI is headquartered in Briarcliff Manor, NY, and operates out of
68 offices in 19 states.
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