secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL ELECTRONICS INC (UEIC)
CIK:        0000101984
Form:       8-K
Filed at:   2024-08-28T23:59:59+00:00
Accession:  0000101984-24-000146
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Universal Electronics amends credit agreement; allows $13M additional debt and $11.5M Bank of China lien
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- Eighth Amendment to credit agreement with U.S. Bank raises Other Indebtedness cap to $13M.
- Permits lien in favor of Bank of China up to $11.5M, excluding US property.
- New covenant limits China cash balances to $5M for any 3 consecutive business days.
- Universal Electronics BV reaffirmed its guarantee under the amended agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/101984/000010198424000146/0000101984-24-000146-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/101984/000010198424000146/ueic-20240822.htm
  HTML page:      https://secwatch.observer/filing/0000101984-24-000146

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer