Daily News: February 14, 2013

Chase Bank, Others Provide Credit Facility to United Leasing

Martha Ahlers, chief operating officer of United Leasing, has announced the closing of a $195 million with an accordion to $300 million, multi-year, senior secured revolving credit facility with JPMorgan Chase Bank and a syndication of lending institutions including US Bank, Bank of America, BB&T, Fifth Third Bank, Northern Trust and Huntington National Bank. United Leasing will use this multi-million dollar facility to further fund its continued growth plans.

Rick Schulz, CFO of United Leasing’s parent company, United Companies, stated, “The renewal and expansion of our revolving credit facility demonstrates the continued support of our company’s business model by our bank group. The addition of two new lenders to our syndicate along with increased commitments from our existing lenders positions the company well to grow our lease and loan portfolio.”