Universal Electronics amends credit agreement with U.S. Bank, revising covenant terms
On August 21, 2026, Universal Electronics entered into a Third Amended and Restated Credit Agreement with U.S. Bank as administrative agent, which restates its October 27, 2017 credit agreement. The filing says the changes revise borrowing base definitions and the fixed charge coverage and cash flow leverage ratio covenants, while other terms remain substantially the same, so the effect on shareholders depends on the full exhibit, which the filing does not summarize further.
Key points
- Agreement dated August 21, 2026, with U.S. Bank National Association as administrative agent
- Amends and restates the Second Amended and Restated Credit Agreement dated October 27, 2017
- Revises borrowing base definitions, consolidated fixed charge coverage ratio covenant and consolidated cash flow leverage ratio covenant
- Full text filed as Exhibit 10.1; schedules omitted under Item 601(a)(5) of Regulation S-K
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 26, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.