News: Universal Corp (UVV)

UVV on New York Consolidated

51.43USD
28 May 2015
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$0.10 (+0.19%)
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Wed, Jan 7 2015

Fitch Rates Universal Corp.'s Credit Facility 'BBB-'

(The following statement was released by the rating agency) CHICAGO, January 07 (Fitch) Fitch Ratings has assigned a 'BBB-' rating to Universal Corporation's (Universal) new senior unsecured credit agreement comprising a $430 million revolving credit facility, a $150 million five-year term loan A-1 facility, and a $220 million seven-year term loan A-2 facility. The credit facility may be expanded at the company's option in an amount up to $100 million, subject to certain conditions. Proceed

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