United Stationers completes new $700 million revolving facility

By Sara Rosenberg

New York, Sept. 22 - United Stationers Inc. closed on a new $700 million five-year revolving credit facility, according to a news release.

J.P. Morgan Securities LLC, U.S. Bank and Wells Fargo Securities LLC acted as the joint lead arrangers on the oversubscribed deal.

Proceeds were used to refinance an existing $425 million revolver and $200 million term loan maturing July 2012 and will be available for strategic growth initiatives, working capital and other general corporate purposes.

United Stationers is a Deerfield, Ill.-based wholesale distributor of business products.

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