debt
confidence high
sentiment neutral
materiality 0.30
UVE amends indenture to shorten redemption notice to 5 days and allow conditional redemptions
UNIVERSAL INSURANCE HOLDINGS, INC.
- First Supplemental Indenture with UMB Bank amends 5.625% Senior Unsecured Notes due 2026.
- Minimum redemption notice period reduced from 30 days to 5 days.
- Company may now issue conditional redemption notices and delay or withdraw if conditions unmet.
- Amendments approved by holders of a majority of outstanding principal amount of the Notes.