Uni-Select to pay down revolver via placement of convertibles

By Wendy Van Sickle

Columbus, Ohio, Dec. 18 – Uni-Select Inc. plans to reduce borrowings under its senior debt credit facility with some proceeds of a private placement offering of C$125 million principal amount of convertible senior subordinated unsecured debentures, according to a news release.

Proceeds will also be used to pursue strategic growth opportunities and cost reduction initiatives.

Uni-Select is an auto parts supplier based in Boucherville, Quebec.

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