UNIVERSAL LOGISTICS HOLDINGS, INC. (ULH): debt financing — Universal Logistics boosts revolving credit facility by $100M to $500M; permits $200M lease financing

UNIVERSAL LOGISTICS HOLDINGS, INC.

Revolver increased from $400M to $500M via partial exercise of accordion feature under existing credit agreement.
Third Amendment allows a subsidiary to borrow up to $200M for a credit tenant lease financing; proceeds to repay existing debt.
Amendment dated October 1, 2025, with KeyBank National Association as administrative agent and syndicate of lenders.
Borrowers represent no default exists; customary affirmative/negative covenants and financial covenants (fixed charge coverage, leverage) apply.
Post-closing: within 30 days of UACL credit facility termination, UACL subsidiaries must become borrowers or guarantors.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

UNIVERSAL LOGISTICS HOLDINGS, INC. amended revolving credit of $500.0 million with KeyBank National Association, KeyBanc Capital Markets, Inc., The Huntington Bank, U.S. Bank National Association.

Instrument: revolving credit
Principal: $500.0 million
Counterparty: KeyBank National Association, KeyBanc Capital Markets, Inc., The Huntington Bank, U.S. Bank National Association
Event: amendment

Exact text from the filing

The amendment modifies the credit agreement by increasing the maximum revolving amount by $100.0 million to $500.0 million through a partial exercise of the accordion feature set forth in Section 2.10(b) of the credit agreement.

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Source: SEC EDGAR

accession 0001193125-25-230209

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