Universal Logistics extends KeyBank-led credit facility maturity to 2029

By Public Technologies
  • Universal Logistics entered a Fourth Amendment with KeyBank, as administrative agent, amending its revolving credit facility.
  • Maturity extended to Sept. 30, 2029 from Sept. 30, 2027.
  • Total revolving commitments cut to $350 million from $500 million.
  • Uncommitted accordion resized to allow up to a $150 million increase in revolving commitments, subject to conditions.
  • Leverage-based pricing grids revised for interest-rate margins on borrowings and fees on unused commitments.


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