secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL CORP /VA/ (UVV)
CIK:        0000102037
Form:       8-K
Filed at:   2026-10-13T20:23:22+00:00
Accession:  0001193125-26-420470
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/102037/000119312526420470/0001193125-26-420470-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/102037/000119312526420470/d85320d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-420470

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