Universal Logistics Holdings, Inc
|Deal Type||Debt Capital Markets|
Senior Secured Credit Facilities
|Client & Transactional Partners||Universal Logistics Holdings, Inc||Our Role||
Left Lead Arranger
On November 27, 2018, KeyBanc Capital Markets (“KBCM”) successfully closed the syndication on $350 million of Senior Secured Credit Facilities (the “Credit Facilities”) for Universal Logistics Holdings, Inc. (“Universal”). The Credit Facilities consist of a $200 million revolving credit facility and a $150 million term loan facility.
Universal expects the new revolver to provide the requisite liquidity for Universal to continue its acquisition strategy, while streamlining its overall debt structure and reducing borrowing costs. Certain proceeds advanced at closing under the new credit facilities were used to repay certain existing indebtedness and to pay fees and expenses associated with the new financing. KBCM was selected as Left Lead Arranger, Joint Bookrunner & Administrative Agent on the transaction.