UNIVERSAL LOGISTICS HOLDINGS, INC. (ULH): debt financing — Universal Logistics subsidiary issues $195.9M senior secured note at 6.84%, due Nov 2034, backed by Ford lease

UNIVERSAL LOGISTICS HOLDINGS, INC.

UDOT CTL-Funding issued $195.9M senior secured promissory note at 6.84% fixed rate, maturing Nov 15, 2034.
Note secured by subleasehold interest in property subleased to Ford Motor Company (investment-grade credit tenant).
Debt service funded by Ford's rent payments; Universal provides limited guaranty for certain shortfall and indemnity obligations.
Proceeds used for credit tenant lease financing; note is non-recourse except for carve-outs and environmental indemnity.
Director Marcus D. Hudson appointed to audit committee, effective Oct 22, 2025; qualifies as independent and financial expert.

item 1.01 item 2.03 item 5.02 item 9.01

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. incurred guarantee with Wilmington Trust, National Association.

Instrument: guarantee
Counterparty: Wilmington Trust, National Association
Event: incurrence

Exact text from the filing

Specifically, the Borrower issued a senior secured promissory note (the “Note”) in the principal amount of approximately $195.9 million to Wilmington Trust, National Association, as trustee of the Ford (Stanton, TN) Lease-Backed Pass-Through Trust (the “Trustee”), under a note purchase agreement dated October 22, 2025 (the “NPA”).

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

UNIVERSAL LOGISTICS HOLDINGS, INC. incurred senior notes of approximately $195.9 million with Wilmington Trust, National Association at 6.84% per annum maturing November 15, 2034.

Instrument: senior notes
Principal: approximately $195.9 million
Counterparty: Wilmington Trust, National Association
Rate: 6.84% per annum
Maturity: November 15, 2034
Event: incurrence

Exact text from the filing

the Borrower issued a senior secured promissory note (the “Note”) in the principal amount of approximately $195.9 million to Wilmington Trust, National Association, as trustee of the Ford (Stanton, TN) Lease-Backed Pass-Through Trust (the “Trustee”), under a note purchase agreement dated October 22, 2025 (the “NPA”). The Note bears interest at a fixed rate of 6.84% per annum and requires monthly payments of principal and interest, with the full balance due at maturity on November 15, 2034.

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Source: SEC EDGAR

accession 0001193125-25-251665

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