Financing ·
Universal Logistics Holdings extends credit maturity to September 2029, cuts revolving commitments to $350M
ULHUniversal Logistics Holdings, Inc.
Universal Logistics Holdings, Inc. filed a Current Report on Form 8-K to disclose the execution of a Fourth Amendment Agreement with KeyBank National Association and other lenders on September 29, 2026. This amendment modifies the company's existing Credit and Security Agreement dated November 27, 2018. The agreement extends the maturity date from September 30, 2027, to September 30, 2029. It also reduces aggregate revolving commitments from $500.0 million to $350.0 million while revising the uncommitted accordion feature to allow increases of up to $150.0 million under specified conditions. Additionally, the amendment updates leverage-based pricing grids for interest-rate margins and commitment fees. Universal Logistics Holdings operates in the transportation and logistics industry.