Unisource Completes Five-Year $640 Million Senior Secured Facility

“This refinancing further strengthens Unisource’s financial position, demonstrates our lenders’ confidence in our ability to outperform the marketplace, and provides funding to support the company’s aggressive organic and acquisition growth initiatives,” said Al Dragone, Unisource CEO.

Unisource Chief Financial Officer John Sills added, “The syndication process went extremely well and we actually received commitments in excess of $1 billion from various institutions wanting to provide capital. Our new facility has very favorable rates and a flexible structure which will allow Unisource to continue to support and invest in our global businesses in North America, Europe and Asia. At the facility closing date, Unisource had more than $300 million of unrestricted excess availability under our line of credit.”