{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-312755","form_type":"8-K","ticker":"UVV","cik":"0000102037","company_name":"UNIVERSAL CORP /VA/","filed_at":"2025-12-09T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.557753+00:00","generated_at":"2026-05-16T13:44:06.511587+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Universal Corp enters $1.4B new credit facility; replaces existing agreement","bullets":["New unsecured Credit Agreement includes $275M term A-1 (5-yr), $345M term A-2 (7-yr), and $780M revolver (5-yr).","Proceeds for general corporate purposes, acquisitions, prepayment of existing debt, and working capital.","Existing Credit Agreement terminated on Dec 9, 2025; all outstanding debt repaid with new facility.","Financial covenants include max total net leverage ratio of 3.00x (3.25x post-Material Acquisition for 6 quarters) and minimum tangible net worth of $1.0B.","Interest rates based on Total Net Leverage Ratio; facility fees 0.25%-0.40% per annum."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-312755","json":"https://secwatch.observer/filing/0001193125-25-312755.json","markdown":"https://secwatch.observer/filing/0001193125-25-312755.md","text":"https://secwatch.observer/filing/0001193125-25-312755.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/102037/000119312525312755/0001193125-25-312755-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/102037/000119312525312755/d43909d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T13:44:06.511587+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6fc9da2ba8dbc9e7ab57e046459cd94c20feaf9e","claim":"UNIVERSAL CORP /VA/ incurred credit facility of $275,000,000, $345,000,000, $780,000,000 with JPMorgan Chase Bank, N.A., as Administrative Agent at Adjusted Term SOFR Rate plus the Applicable Rate maturing five-year, seven-year, five-year.","evidence_excerpt":"Union Bank and Capital One, N.A., as Co-Documentation Agents (the “Credit Agreement”). The Credit Agreement provides for (i) a five-year term loan A-1 facility in the amount of $275,000,000 (the loans thereunder, the “Term A-1 Loans”), (ii) a seven-year term loan A-2 facility in the amount of $345,000,000 (the loans thereunder, the “Term A-2 Loans”) and (iii) a","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/102037/000119312525312755/0001193125-25-312755-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$275,000,000, $345,000,000, $780,000,000"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as Administrative Agent"},{"label":"Rate","value":"Adjusted Term SOFR Rate plus the Applicable Rate"},{"label":"Maturity","value":"five-year, seven-year, five-year"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"d4ab31040db6f638fd390c64746c99e2e1d9cf73","claim":"UNIVERSAL CORP /VA/ entered into Credit Agreement with JPMorgan Chase Bank, N.A., Truist Bank, AgFirst Farm Credit Bank, and other lenders (effective 2025-12-09).","evidence_excerpt":"On December 9, 2025, Universal Corporation (the “Company”) entered into a new unsecured Credit Agreement, with JPMorgan Chase Bank, N.A., as Administrative Agent, Truist Bank and AgFirst Farm Credit Bank, as Co-Syndication Agents, and First Horizon Bank, KeyBank National Association, Citibank, N.A., Bank Of America, N.A., UBS Switzerland AG, Atlantic Union Bank and Capital One, N.A., as Co-Documentation Agents (the “Credit Agreement”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/102037/000119312525312755/0001193125-25-312755-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., Truist Bank, AgFirst Farm Credit Bank, and other lenders"},{"label":"Effective","value":"2025-12-09"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}