Universal Electronics Inc. Amends Credit Agreement, Revises Covenants

What Happened Universal Electronics Inc. announced it entered into a Third Amended and Restated Credit Agreement dated August 21, 2026 with its lenders and U.S. Bank National Association as administrative agent. The new agreement amends and restates the company’s prior Credit Agreement (originally dated October 27, 2017) and was disclosed on Form 8-K filed August 26, 2026.

Key Details

• Agreement date: August 21, 2026; 8-K filed August 26, 2026 (Item 1.01).
• Administrative agent: U.S. Bank National Association; counterparties: the lenders party to the facility.
• Main changes: revisions to certain definitions used in calculating the borrowing base, the consolidated fixed charge coverage ratio covenant, and the consolidated cash flow leverage ratio covenant.
• Other provisions of the prior Credit Agreement remain substantially the same; the full amended agreement is filed as Exhibit 10.1.

Why It Matters Changes to the borrowing base definitions and to the fixed charge coverage and cash flow leverage covenants affect how the company’s borrowing capacity and covenant compliance are measured by lenders. For investors, that can influence Universal Electronics’ liquidity and financial flexibility under its credit facility. Review of the full agreement (Exhibit 10.1) is recommended for the specific covenant thresholds and calculation changes disclosed by the company.