Universal Logistics Holdings Amends Credit Agreement, Expands Revolving Facility to $500 Million and Adds $200 Million Lease Financing Option
Universal Logistics Holdings Inc. announced that certain of its subsidiaries have entered into a third amendment to their existing credit agreement with a syndicate of lenders led by KeyBank National Association. The amendment, dated October 1, 2025, increases the company's maximum revolving credit facility by $100 million, bringing the total to $500 million through a partial exercise of the agreement's accordion feature. Additionally, the amendment allows a Universal subsidiary to borrow up to $200 million under a potential credit tenant lease financing transaction, provided the proceeds are used to repay specific outstanding indebtedness and prepay part of the company's revolving loans. The updated agreement includes customary financial covenants and provisions regarding events of default, such as failure to make timely payments or changes in control. The full details of the amendment are available in Universal Logistics Holdings Inc.'s recent SEC filing.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Universal Logistics Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-230209), on October 03, 2025, and is solely responsible for the information contained therein.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.