Unified Western Expands Credit Facility

LOS ANGELES - Unified Western Grocers here said yesterday that it has extended its credit facility for five years and expanded the borrowing capacity to $300 million, from $225 million. The agreement has been extended to Jan. 31, 2012. The retailer-owned wholesaler said the new terms of the facility "will lower Unified‘s cost of borrowing and improve its flexibility for pursuing growth opportunities." The underwriting banks remain the same: BMO (formerly Harris Trust and Savings Bank), Bank of America, Wells Fargo, GE Capital, Union Bank of California and PNC.