Universal Electronics amends credit agreement: extends to Sep 2027, reduces limit to $60M, eases covenant

UNIVERSAL ELECTRONICS INC

Credit agreement extended to September 30, 2027, with aggregate revolving commitment reduced to $60 million.
Consolidated fixed charge coverage ratio covenant set at 1.70x for Q3 2025, then 1.50x from Q4 2025 onward.
Consolidated EBITDA add-back items added for 2025: up to $3M severance, $3.5M Mexico facility closure, $1.3M Carlsbad lease abandonment.
Monthly financial statement and 13-week cash flow forecast delivery requirements eliminated.
Guarantor Universal Electronics BV reaffirms its continuing guarantee under the Eleventh Amendment.

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