Universal Logistics Holdings Amends Credit Facility, Extends Maturity to 2029

What Happened
Universal Logistics Holdings, Inc. filed an 8-K disclosing a Fourth Amendment to its Credit and Security Agreement dated September 29, 2026, among certain Universal subsidiaries, KeyBank National Association (as Administrative Agent) and the lenders. The amendment extends the loan maturity from September 30, 2027 to September 30, 2029, reduces the aggregate revolving commitments from $500.0 million to $350.0 million, and revises interest-rate and commitment-fee pricing grids.

Key Details

• Amendment date: September 29, 2026; filed on Form 8-K on October 1, 2026.
• Revolving commitments reduced from $500.0M to $350.0M.
• Uncommitted accordion feature revised to permit increases to the revolver by up to $150.0M (subject to conditions and lender participation).
• Maturity extended to September 30, 2029; leverage-based pricing grids (interest margins and commitment fees) were adjusted.
• Credit Agreement continues to include customary affirmative/negative covenants and financial covenants (leverage and fixed charge coverage ratios); customary events of default remain.
• The Fourth Amendment and the Credit Agreement are filed as Exhibit 10.1 to the 8‑K.

Why It Matters
For investors, the amendment affects the company’s liquidity profile and borrowing costs. Extending the maturity provides a longer runway for financing through 2029, while the $150M reduction in committed revolver capacity lowers immediately available liquidity—partially mitigated by the potential $150M accordion if lenders agree. Changes to leverage-based pricing can alter interest expense depending on Universal’s leverage levels. The retention of financial covenants means the company must continue to meet leverage and fixed-charge coverage tests, which can constrain flexibility if operating results weaken.