GRAND RAPIDS, Mi. - Wood products leader Universal Forest Products entered into a five-year, $375-million unsecured revolving credit facility.

The new agreement, which began November 1, is a replacement for a $295-million credit facility.

“Our finance team did an excellent job of working with the lenders to expand our credit facility,” said Matthew Missad, CEO, Universal Forest Products.
“We believe it is advantageous to secure additional credit when it isn’t needed. This new arrangement provides us with the flexibility to invest in new products, automation, facilities, technology, and targeted acquisitions, while still maintaining a very strong balance sheet. It also reflects the confidence our lenders have in our business and the future of the company.”
Universal Forest Products is a holding company that provides capital, management, and administrative resources to subsidiaries that supply wood, wood composite, and other products to retail, construction, and industrial markets.

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