New Credit Facility for Unisource Worldwide

NORCROSS, GA—Paper distributor Unisource Worldwide has successfully entered into a new senior-secured revolving credit facility. The new facility, led by Banc of America Securities, Wells Fargo Foothill and GE Capital Markets, provides for up to $575 million of borrowings with a scheduled maturity date of August 2012. The agreement also provides additional liquidity to Unisource by allowing the company to increase the size of the facility up to $700 million.