Universal Forest to pay down revolver with proceeds from new notes

By Sarah Lizee

Olympia, Wash., June 18 – Universal Forest Products, Inc. plans to pay down its revolving credit facility using proceeds from new notes, according to an 8-K filing with the Securities and Exchange Commission.

The company said it issued on Thursday $40 million 4.2% series C senior notes due June 14, 2028 and $35 million 4.27% series D senior notes due June 14, 2030.

Universal Forest is a holding company based in Grand Rapids, Mich., that provides capital, management and administrative resources to subsidiaries that design, manufacture and market wood and wood-alternative products.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.