---
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"
generated_at: "2026-05-16T13:44:06.511587+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Universal Corp enters $1.4B new credit facility; replaces existing agreement

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-312755
- JSON: https://secwatch.observer/filing/0001193125-25-312755.json
- Plain text: https://secwatch.observer/filing/0001193125-25-312755.txt

## Key facts
- Debt Financings
  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.
  - Instrument: credit facility
  - Principal: $275,000,000, $345,000,000, $780,000,000
  - Counterparty: JPMorgan Chase Bank, N.A., as Administrative Agent
  - Rate: Adjusted Term SOFR Rate plus the Applicable Rate
  - Maturity: five-year, seven-year, five-year
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/102037/000119312525312755/0001193125-25-312755-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., Truist Bank, AgFirst Farm Credit Bank, and other lenders
  - Effective: 2025-12-09
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/102037/000119312525312755/0001193125-25-312755-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.