Unique Fabricating and Unique-Intasco Canada entered into a new senior secured credit facility with Citizens Bank as syndication agent, providing for borrowings of up to the aggregate principal amount of $62 million. The facility consists of a revolving line of credit up to $30 million to Unique Fabricating, a $17 million principal amount term loan to Unique Fabricating and a $15 million principal amount term loan to Unique-Intasco Canada.

These borrowings were used to finance the acquisition of Intasco and to repay the company’s existing senior credit facility, which was terminated.

Unique Fabricating engineers and manufactures multi-material foam, rubber and plastic components utilized in noise, vibration and harshness management and air/water sealing applications for the automotive and industrial appliance market.