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AI brief of an SEC Form 8-K · Universal (UVV)

Universal Corp amends credit agreement, loosening leverage covenant through mid-2027

Neutral Impact 3 of 5 financing Written later

Universal Corporation entered into Amendment No. 1 to its Credit Agreement with JPMorgan Chase Bank, N.A. on October 9, 2026, temporarily raising the maximum Total Net Leverage Ratio it must maintain. The covenant rises from 3.00 to 1.00 to 3.75 to 1.00 for the quarters ending September 30 and December 31, 2026, then steps down to 3.25 to 1.00 for March 31, 2027 before returning to 3.00 to 1.00 from June 30, 2027.

Key points

  • Maximum Total Net Leverage Ratio set at 3.75 to 1.00 for quarters ending September 30, 2026 and December 31, 2026
  • Covenant steps down to 3.25 to 1.00 for quarter ending March 31, 2027
  • Covenant returns to 3.00 to 1.00 for quarter ending June 30, 2027 and later quarters
  • Filing describes other amendments as non-material; all other credit agreement terms unchanged

The filing

CompanyUniversal (UVV)
Form8-K, current report
Filed with the SECOct 13, 2026, 4:23 PM ET
Accession number0001193125-26-420470

Items reported: 1.01 Material Definitive Agreement

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:59 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 October 13, 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.