UNIVERSAL CORP /VA/ (UVV) Form 8-K — Oct 13, 2026
Universal Corporation entered into Amendment No. 1 to its December 2025 Credit Agreement on October 9, 2026, amending the Total Net Leverage Ratio covenant with JPMorgan Chase Bank, N.A. as administrative agent. The amendment raises the maximum Total Net Leverage Ratio from 3.00 to 1.00 up to 3.75 to 1.00 for the quarters ending September 30, 2026 and December 31, 2026, stepping back down to 3.25 by March 2027 and 3.00 from June 30, 2027 onward.
Key figures
- Lc sublimit usd
- 25000000
- Swingline cap usd
- 20000000
- Incremental facility cap usd
- 300000000
- Prior max total net leverage ratio
- 3.00 to 1.00
- Minimum consolidated tangible net worth usd
- 1000000000
- Amended max total net leverage ratio mar2027
- 3.25 to 1.00
- Amended max total net leverage ratio jun2027 onward
- 3.00 to 1.00
- Amended max total net leverage ratio sep2026 dec2026
- 3.75 to 1.00
AI analysis
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