UEIC amends credit agreement, $60M revolver extended to 2027

Rhea-AI Filing Summary

Universal Electronics Inc. reported that it entered into an Eleventh Amendment to its Second Amended and Restated Credit Agreement on November 17, 2025. The amendment extends the maturity of the revolving credit facility through September 30, 2027 and reduces the aggregate credit limit to $60,000,000. It also revises the consolidated fixed charge coverage ratio covenant and the definition of Consolidated EBITDA, while leaving other provisions of the credit facility substantially unchanged. This action updates the company’s primary bank financing arrangement and clarifies the terms under which lenders will continue to provide revolving credit.

Insights

Credit & Capital Structure Analyst

UEIC extends its credit facility to 2027 with a $60M limit.

Universal Electronics Inc. has amended its bank credit facility, pushing the maturity out to September 30, 2027 and setting the aggregate credit limit at $60,000,000. This keeps committed bank financing in place for a longer period, which can support working capital and general corporate needs, subject to covenant compliance.

The amendment also changes the consolidated fixed charge coverage ratio covenant and the definition of Consolidated EBITDA. These definitions determine how headroom under covenants is calculated and can influence how easily the company maintains compliance, depending on how operating results evolve relative to required thresholds.

All other provisions of the agreement are described as substantially the same, so the main changes are the extended term, the $60,000,000 limit, and the adjusted covenant mechanics. Future company filings describing financial performance and liquidity will provide context on how this facility is being utilized over the period through 2027.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 _______________________________________  

FORM 8-K

  _______________________________________  

CURRENT REPORT

Pursuant to Section 13 OR 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 17, 2025

  _______________________________________ 

UNIVERSAL ELECTRONICS INC.

(Exact name of Registrant as specified in its charter)

 _______________________________________

Delaware

0-21044

33-0204817

(State or other jurisdiction

(Commission File No.)

(I.R.S. Employer

of incorporation)

Identification No.)

15147 N. Scottsdale Road, Suite H300, Scottsdale, Arizona 85254-2494

(Address of principal executive offices and zip code)

(480) 530-3000

(Registrant's telephone number, including area code)

________________________________________________________________________________________________

(Former name or former address, if changed since last report)

_______________________________________ 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Common Stock, par value $0.01 per share			UEIC			The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement

On November 17, 2025, Universal Electronics Inc. (the "Company") entered into an Eleventh Amendment to the Second Amended and Restated Credit Agreement (the "Eleventh Amendment") with the lenders from time to time parties thereto and U.S. Bank National Association, as administrative agent. This Eleventh Amendment amends that certain Second Amended and Restated Credit Agreement dated as of October 27, 2017 (as amended, the "Credit Agreement"), and allows for, among other things: (i) an extension of the term of the Credit Agreement through September 30, 2027; (ii) a reduction in the aggregate credit limit to $60,000,000; and (iii) certain changes to the consolidated fixed charge coverage ratio financial covenant and the definition of Consolidated EBITDA. All other provisions of the Credit Agreement remain substantially the same.

The foregoing description of the Eleventh Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Eleventh Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(d)Exhibits.

Exhibit No.						Description
10.1						Eleventh Amendment to Second Amended and Restated Credit Agreement signed November 17, 2025 (filed herewith)
104						Cover Page to this Current Report on Form 8-K, formatted in Inline XBRL

1

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Universal Electronics Inc.

Date: November 20, 2025

By:

/s/ Sui Man Ho

Sui Man Ho

Interim Chief Financial Officer (Principal Financial Officer)

2

FAQ

What did Universal Electronics Inc. (UEIC) announce in this 8-K?

Universal Electronics Inc. disclosed that it entered into an Eleventh Amendment to its Second Amended and Restated Credit Agreement, updating key terms of its revolving credit facility.

How did the Eleventh Amendment change UEICs credit facility term?

The Eleventh Amendment extends the term of UEICs credit agreement through September 30, 2027, lengthening the time its bank facility remains available.

What is the new aggregate credit limit for UEIC under the amended agreement?

Under the Eleventh Amendment, the aggregate credit limit is set at $60,000,000 under the amended credit agreement.

Which financial covenants were modified for UEIC in this amendment?

The amendment introduces certain changes to the consolidated fixed charge coverage ratio financial covenant and the definition of Consolidated EBITDA used in the credit agreement.

Did the Eleventh Amendment change other major provisions of UEICs credit agreement?

The company states that all other provisions of the Second Amended and Restated Credit Agreement remain substantially the same after this Eleventh Amendment.

Where can investors find the full details of UEICs Eleventh Amendment?

The complete Eleventh Amendment is filed as Exhibit 10.1 to this report and is incorporated by reference for full legal and financial terms.