Business Context and Reporting Period
Company: Universal Electronics Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: January 2, 2025
Event Date: January 2, 2025 (Effective date of amendment: December 16, 2024)
Context: The Company entered into a Ninth Amendment to its Second Amended and Restated Credit Agreement with U.S. Bank National Association.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, or liquidity ratios. The primary financial metric disclosed relates to the Company's credit facility:
- Revised Credit Limit: $75,000,000
- Extended Maturity Date: April 30, 2026
Material Changes
The Ninth Amendment modifies the existing Credit Agreement as follows:
- Limit Adjustment: The credit limit was amended to $75,000,000.
- Term Extension: The agreement term was extended through April 30, 2026.
- Other Provisions: All other provisions of the Credit Agreement remain substantially the same.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or specific risk factors beyond the standard disclosure that the summary of the amendment is qualified by reference to the full text of the agreement filed as Exhibit 10.1. No unusual items or contingencies were disclosed in this report.
Investor Verification Checklist
- Verify the full terms of the Ninth Amendment to the Credit Agreement in Exhibit 10.1 attached to this filing.
- Confirm the impact of the extended maturity date (April 30, 2026) on the Company's long-term debt schedule.
- Review subsequent filings for any covenants or interest rate adjustments associated with the $75,000,000 credit limit.