Universal Corp raises credit-agreement max Total Net Leverage Ratio to 3.75x through Dec 2026

UNIVERSAL CORP /VA/

Amendment No. 1, dated Oct 9, 2026, lifts the maximum Total Net Leverage Ratio to 3.75:1.00 for the fiscal quarters ending Sept 30, 2026 and Dec 31, 2026, up from 3.00:1.00.
Covenant steps down to 3.25:1.00 for the quarter ending March 31, 2027, then returns to 3.00:1.00 for the quarter ending June 30, 2027 and thereafter.
Amendment is effective as of Sept 30, 2026 and applies to the Credit Agreement dated Dec 9, 2025 with JPMorgan Chase Bank, N.A. as Administrative Agent.
Lenders returning executed signature pages by the agent's deadline receive a consent fee; Truist Bank and AgFirst Farm Credit Bank act as Co-Syndication Agents.
Borrower represents no Default or Event of Default exists; all other terms of the Credit Agreement remain in full force and effect.

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