Unified Borrows $25 Million for Refinance

LOS ANGELES — Unified Grocers here said yesterday it has closed a transaction to borrow an additional $25 million from John Hancock Life Insurance Co., Boston.

LOS ANGELES — Unified Grocers here said yesterday it has closed a transaction to borrow an additional $25 million from John Hancock Life Insurance Co., Boston.

The funds will be used to pay down Unified's line of credit and maintain its balance sheet, Al Plamann, president and chief executive officer, said.

“At the same time we feel it is also critically important to garner as much liquidity as possible, particularly in these difficult economic times. These additional f

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