USA: UniFirst Announces $170m Credit Facility Program
UniFirst Corporation (NYSE:UNF) today announced that it has entered into a new $170m unsecured credit facility with a syndicate of banks led by Fleet National Bank. The company also announced that the board authorized the repurchase of up to $25m of the company's common stock. Such purchases will be made from time to time in open market or via other transactions, the extent and timing of which will depend on market conditions and other corporate considerations. UniFirst Corporation is one of the largest providers of workplace uniforms and protective clothing in the US. The company employs 7,500 team partners who serve well over 100,000 customer locations in 45 states, Canada and Europe from 140 manufacturing, distribution and customer service facilities.
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