Industry News: News and Joint Ventures
United Leasing Inc Secures Credit Facility With Chase Bank
Evansville, IN – Martha Ahlers, Chief Operating Officer of United Leasing, Inc. (ULI), has announced the closing of a $195 million with an accordion to $300 million, multi-year, senior secured revolving credit facility with JPMorgan Chase Bank, N.A. and a syndication of lending institutions including US Bank, Bank of America, BB&T, Fifth Third Bank, Northern Trust and Huntington National Bank. ULI will use this multi-million dollar facility to further fund its continued growth plans.
Rick Schulz, CFO of United Leasing, Inc.’s parent company, United Companies, stated “The renewal and expansion of our revolving credit facility demonstrates the continued support of our company’s business model by our bank group. The addition of two new lenders to our syndicate along with increased commitments from our existing lenders positions the company well to grow our lease and loan portfolio.”
Founded in 1964, United Companies is a private owned corporation headquartered in Evansville, Indiana. It is comprised of United Leasing, Inc., Professional Transportation, Inc., and the Romain Automotive Group. United Companies has evolved into a multifaceted financial and transportation services organization with more than 3,000 corporate accounts. With over 6,100 associates, United Companies has direct operations in 40 states and the District of Columbia, and manages assets in all 50 states, Canada and Mexico. The collective organization is a uniquely different enterprise by its customer focus, innovative financing structures, and superior service, all supported by the reputation and integrity of our people.
|Contact Name:||Martha Ahlers, Vice President/C.O.O.|
|Organization Name:||United Leasing, Inc.|