USIH Usi Hldgs Corp (MM)

Headline of release should read: USI Holdings Corporation Seeks to Raise $100 Million Under its Credit Facility (sted: USI Holdings Corporation Announces Expansion of Credit Facility). Also, the first graph, second sentence is corrected to read: The Company intends to use a portion of the proceeds from the incremental $100 million term loan to pay down borrowings outstanding (but not reduce commitments) under the Company's revolving credit facility and the balance, available on a delayed draw basis, to fund potential future acquisitions. The corrected release reads: USI HOLDINGS CORPORATION SEEKS TO RAISE $100 MILLION UNDER ITS CREDIT FACILITY 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 a portion of the proceeds from the incremental $100 million term loan to pay down borrowings outstanding (but not reduce commitments) under the Company's revolving credit facility and the balance, available on a delayed draw basis, to fund potential 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.