Graeme Hart's UCI auto parts business eyes asset sales

Thu, 30 Apr 2015

By Paul McBeth May 1 (BusinessDesk) - New Zealand billionaire Graeme Hart's UCI Holdings auto parts business is seeking to amend its credit agreements to free up potential asset sales in the latest move by the country's richest man to trim down the size of his investment empire. UCI wants to change the credit agreement governing its senior secured credit facilities relating to the asset sale covenant that would allow the addition and release of one or more of the company's subsidiaries as borrowers under the agreement, the Lake Forest, Il...

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