Universal Electronics amends credit line to $75M, extends to April 2026, waives defaults

UNIVERSAL ELECTRONICS INC

Revolver limit set at $75M; maturity extended to April 30, 2026.
Fixed charge coverage ratio covenant: 1.00x for Q4 2024, stepping to 2.00x by Q4 2025.
Cash flow leverage ratio covenant: 3.00x for Q1 2025, stepping to 2.50x from Q2 2025.
Existing covenant defaults under credit agreement are waived by lenders.

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