Universal Logistics Holdings, Inc. has entered into a Fourth Amendment Agreement to its existing credit facility. The amendment, dated September 29, 2026, was executed by certain subsidiaries of the company and KeyBank National Association, which serves as the administrative agent.
The agreement amends the Credit and Security Agreement originally dated November 27, 2018. The primary changes include extending the maturity date of the facility from September 30, 2027, to September 30, 2029. Additionally, the aggregate revolving commitments have been reduced from $500.0 million to $350.0 million.
The Fourth Amendment also introduces a revised uncommitted accordion feature. This provision allows the borrowers to increase the aggregate revolving commitments by up to $150.0 million, provided that specific conditions are met and participating lenders provide the necessary commitments.
Interest rates and fees are determined using revised leverage-based pricing grids. The Credit Agreement maintains customary affirmative and negative covenants, including financial covenants that require compliance with specific leverage and fixed charge coverage ratios. The filing notes that the description is qualified in its entirety by reference to the Fourth Amendment and the Credit Agreement attached as Exhibit 10.1.
