Universal Logistics amends credit agreement; revolver increased to $400M, subsidiary gets $90M facility

UNIVERSAL LOGISTICS HOLDINGS, INC.

Revolving credit commitment expanded to $400M (can increase by another $200M); maturity Sept 30, 2027.
New $90M credit agreement for UACL Logistics Holdings: $80M term loan plus $10M revolver, also maturing 2027.
Approximately $89.4M drawn under amended revolver to pay off existing debt; $80M borrowed under new term loan.
Interest rates: amended revolver at SOFR + 1.50%; UACL facility at SOFR + 1.75%, both subject to leverage ratio.
Certain UACL entities released from original credit agreement; new lenders Flagstar Bank and First Merchants Bank added.

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