Universal amends JPMorgan — led credit agreement to raise Total Net Leverage Ratio cap to 3.75x for FYQ1 — FYQ2 2027
Universal amended its credit agreement with JPMorgan Chase Bank as administrative agent, easing its Total Net Leverage Ratio covenant. Maximum leverage lifted to 3.75x for fiscal quarters ending Sept. 30, 2026 and Dec. 31, 2026. Covenant steps down to 3.25x for the quarter ending March 31, 2027, then returns to 3.00x f