secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL CORP /VA/ (UVV)
CIK:        0000102037
Form:       8-K
Filed at:   2025-12-09T23:59:59+00:00
Accession:  0001193125-25-312755
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/102037/000119312525312755/0001193125-25-312755-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/102037/000119312525312755/d43909d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-312755

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