USIH Usi Hldgs Corp (MM)

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Share Name	Share Symbol	Market	Type
Usi Hldgs Corp (MM)	NASDAQ:USIH	NASDAQ	Common Stock

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USI Holdings Corporation Announces Expansion of Credit Facility

22/09/2006 9:10pm

Business Wire

Usi (NASDAQ:USIH)
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USI Holdings Corporation (NASDAQ: USIH) today announced that it is seeking to raise an additional $100 million of term loan debt through an "accordion" feature under its existing credit agreement with lenders. The Company intends to use the proceeds from the incremental $100 million term loan to pay down borrowings outstanding under the Company's revolving credit facility and to fund future acquisitions. About USI Holdings Corporation - Founded in 1994, USI is a leading distributor of insurance and financial products and services to businesses throughout the United States. USI is headquartered in Briarcliff Manor, NY, and operates out of 68 offices in 19 states.