Unique Fabricating’s bank lenders have agreed to certain amendments to its existing credit facility, including allowing the company to raise up to $4 million of additional debt financing.
Unique Fabricating and its Canadian business converted $4 million of currently outstanding borrowings under a $30 million revolving line of credit into an additional $4 million term loan. Citizens Bank was agent.
Unique Fabricating entered into a new credit facility providing for borrowings of up to $62 million with Citizens Bank acting as syndication agent with other lenders.
Unique Fabricating acquired the business and substantially all of the assets of Intasco. To finance the acquisition, Unique refinanced its existing facility with Citizens Bank serving as the syndication agent.