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Unique Fabricating, Inc. Announces Agreement For Financing With Lenders And Investors

Oct 04, 2022•almost 3 years ago
Auburn HillsManufacturing

Description

AUBURN HILLS, MI / October 4, 2022 / Unique Fabricating, Inc. (NYSE American:UFAB), a leader in engineering and manufacturing multi-material foam, rubber, and plastic components utilized in noise, vibration, and harshness management and air/water sealing applications for the transportation, appliance, medical, and consumer/off-road markets, today announced that it has reached agreement with its bank lenders and with certain existing equity investors. The agreement with investors provides $3 million in debt financing, as described below. The Company's bank lenders have agreed to certain amendments to its existing credit facility, including allowing the Company to raise up to $4 million of additional debt financing

Company Information

Company

Unique Fabricating, Inc.

Location

800 STANDARD PARKWAY

Auburn Hills, Michigan, United States

About

Unique Fabricating, Inc. was founded in 1975 delivering non-metallic die-cut part solutions for acoustic, sealing, and BSR (buzz, squeak, rattle) applications. Today, we have expanded our leadership position into additional markets: appliance, industrial, HVAC, and commercial water heater. We offer a wide-range of engineered molded and die-cut solutions. These unique technologies are available from an unmatched North American manufacturing footprint, which includes locations in the United States, Mexico, Canada and partnerships in Europe and South East Asia. Our influential presence in multiple markets makes us a destination for customers looking to source innovative, lightweight, lower cost value added components.

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