United Natural Increases Credit Facility

United Natural Foods said it has reached an agreement with its banks to increase its credit facility to $400 million.

DAYVILLE, Conn. — United Natural Foods here said it has reached an agreement with its banks to increase its credit facility to $400 million. The five-year revolving credit deal was reached with a consortium of lenders led by Bank of America and replaces an existing $250 million agreement. Michael Funk, chief executive officer of United, in a statement said the facility would help United “expand our business network and selectively pursue strategic investment opportunities.”

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