Universal Corporation Closes $1.4 Billion Credit Facility Refinancing

Key Terms

senior unsecured credit facility financial

A senior unsecured credit facility is a bank loan or line of credit that a company can draw on for cash needs but that is not backed by specific assets; ‘senior’ means it gets paid before junior or subordinated debts if the company defaults. Think of it as a prioritized IOU from banks without a pledged asset as collateral. Investors watch this because it affects a company’s short‑term liquidity, borrowing cost and the order in which creditors are repaid in distress, all of which influence credit risk and equity value.

revolving credit facility financial

A revolving credit facility is a type of loan that a business can borrow from whenever it needs money, up to a set limit. It’s like having a credit card for companies—allowing them to borrow, pay back, and borrow again as needed, providing flexibility for managing cash flow or funding short-term expenses.

term loan financial

A term loan is a type of loan that is borrowed for a set period of time, with a fixed schedule for repaying the money, usually in regular payments. It matters to investors because it represents a company's borrowing costs and financial stability; reliable repayment of these loans can indicate strong financial health, while difficulties may signal potential risks.

8-k regulatory

An 8-K is a public report companies must file with the U.S. Securities and Exchange Commission to disclose major events or changes that shareholders should know about, such as leadership changes, mergers, financial surprises, or legal developments. It matters to investors because it acts like a breaking-news alert for a company’s health and prospects—providing timely facts that can affect stock value and investment decisions.

RICHMOND, Va.--(BUSINESS WIRE)-- Universal Corporation (NYSE:UVV) (“Universal” or the “Company”), a leading global business-to-business agriproducts company, today announced it has successfully entered into a new bank credit agreement. The credit agreement, which became effective on December 9, 2025, established a $1.4 billion senior unsecured credit facility (the “2025 Facility”) that consists of a five-year $780 million committed revolving credit facility, a funded $275 million five-year term loan, and a funded $345 million seven-year term loan. The 2025 Facility replaced the Company’s $1.15 billion senior unsecured credit facility.

“This refinancing strengthens our Company by increasing liquidity and financial flexibility, lowering borrowing costs, and expanding our banking relationships,” said Preston Wigner, Chairman, President, and Chief Executive Officer of Universal. “We appreciate the strong support from our new and existing banking partners. Our new credit facility positions us to advance our strategic priorities and deliver long-term value for our shareholders.”

JPMorgan Chase Bank, N.A., Truist Securities, Inc., and AgFirst Farm Credit Bank served as joint bookrunners and joint lead arrangers.

Please refer to the Company’s Current Form on 8-K filed with the Securities and Exchange Commission on December 9, 2025, for additional details regarding the 2025 Facility.

About Universal Corporation

Universal Corporation (NYSE:UVV) is a global agricultural company with over 100 years of experience supplying products and innovative solutions to meet our customers’ evolving needs and precise specifications. Through our diverse network of farmers and partners across more than 30 countries on five continents, we are a trusted provider of high-quality, traceable products. We leverage our extensive supply chain expertise, global reach, integrated processing capabilities, and commitment to sustainability to provide a range of products and services designed to drive efficiency and deliver value to our customers. For more information, visit www.universalcorp.com.

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Universal Corporation Investor Relations

Phone: (804) 359-9311

Fax: (804) 254-3584

Email: investor@universalleaf.com

Source: Universal Corporation