United Leasing Signs Funding Transaction With Dyno NobelDate: October 8, 2009 Evansville, IN – Ron Romain, President & CEO of Evansville-based United Companies, announced today that United Leasing, Inc. (ULI) and its Canadian subsidiary, ULI Canada Inc., have agreed to provide a $25 million funding facility (transaction) to Dyno Nobel. “The team at United Leasing is pleased that longtime business partner Dyno Nobel, a world-wide leader in the commercial explosives industry, selected ULI to handle this asset sale, lease-back transaction. Today’s transaction is the largest to date with Dyno Nobel and only strengthens what is already a solid business relationship. I also recognize and appreciate the hard work and professionalism exhibited by ULI’s staff and management in all phases of this transaction process.” stated Mr. Romain. Dyno Nobel, the explosives manufacturing unit of Incitec Pivot Limited, is a global leader in the commercial explosives industry. The company provides blasting solutions and quality explosives products throughout North America and Australia, as well as to selected customers in other countries. For additional company information please visit www.dynonobel.com. United Leasing, Inc. & ULI Canada Inc. are part of the collective organization known as United Companies, named in 2008 by Indiana Business Magazine as one of Indiana’s Top 50 Largest Private Companies. Headquartered in Evansville, Indiana, United Companies (UC) is a multi-faceted financial and transportation services organization that consists of United Leasing, Inc., Professional Transportation, Inc., and the Romain Automotive Group. UC businesses conduct operations in 24 states & the District of Columbia; manage assets in all 50 states, Canada, Puerto Rico, and Mexico; service more than 3,000 corporate accounts; and employee a staff of 3,000. United Companies takes great pride in its ability to provide business solutions and superior customer service, all supported by the reputation and integrity of its employees. Contact: |
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