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Universal Trailer, Wells Fargo Extend Credit Facility

August 13, 2013, 07:07 AM
Filed Under: Manufacturing
Related: Wells Fargo

Universal Trailer Corporation, one of the nation’s largest trailer manufacturers, has entered into an arrangement with Wells Fargo Bank that extends its financing line five years through 2018. The announcement was made by the Board of Directors of Universal Trailer Holding Corp.

The agreement, which represents Universal Trailer Corporation’s (UTC) sole indebtedness, increases its borrowing capacity within the revolving credit facility with Wells Fargo. “UTC’s advancing business performance and profitability, coupled with the increased borrowing availability under the Wells Fargo credit line, will support ongoing implementation of our strategic plan,” said Terry Carlson, CEO of Universal Trailer.

“We are excited to continue our strategic alliance with Wells Fargo,” Carlson said.

In addition to their extensive product offerings in every trailer retail category, UTC’s brands manufacturer custom specialty trailers in medical, event marketing, racing, education, recreation, museum and government, military, commercial and industrial fields.

Universal Trailer Corporation is a leading trailer manufacturer in the U.S. with preeminent brand names, a national manufacturing footprint and an extensive North American trailer dealer network. The company manufactures for the enclosed cargo, horse, livestock, motorsports, snowmobile, ATV, motorcycle, utility, vending and custom specialty trailer categories. The company markets through a network of over 1,000 dealers under internationally recognized brands such as Featherlite, Exiss, Sooner, Haulmark, Haulmark Motorcoach and Wells Cargo.

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