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Universal Electronics (NASDAQ: UEIC) revises loan terms with U.S. Bank

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Universal Electronics Inc. (UEIC) entered into a Third Amended and Restated Credit Agreement on August 21, 2026 with lenders party to the agreement and U.S. Bank National Association as administrative agent. This agreement amends and restates the prior Second Amended and Restated Credit Agreement from October 27, 2017.

The revisions focus on updating definitions used in calculating the borrowing base and modifying the consolidated fixed charge coverage ratio covenant and the consolidated cash flow leverage ratio covenant. All other provisions of the existing credit agreement remain substantially the same, and the full agreement is included as an exhibit.

Positive

  • None.

Negative

  • None.
Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Agreement date August 21, 2026 Date of the Third Amended and Restated Credit Agreement
Original restated agreement date October 27, 2017 Date of the Second Amended and Restated Credit Agreement being amended and restated
Exhibit number 10.1 Third Amended and Restated Credit Agreement filed as an exhibit
Third Amended and Restated Credit Agreement financial
"entered into a Third Amended and Restated Credit Agreement"
borrowing base financial
"revise (i) certain definitions related to the calculations of the borrowing base"
A borrowing base is the amount a lender will allow a company to borrow based on the value of assets the company offers as security, typically things like accounts receivable and inventory. It matters to investors because it sets a practical ceiling on short-term financing and influences a company’s liquidity and risk: if the borrowing base falls, the company may lose access to cash or be forced to sell assets, which can affect operations and share value.
consolidated fixed charge coverage ratio covenant financial
"revise (ii) the consolidated fixed charge coverage ratio covenant"
consolidated cash flow leverage ratio covenant financial
"revise (iii) the consolidated cash flow leverage ratio covenant"

FAQ

What did UEIC disclose about its new credit agreement on this 8-K?
Universal Electronics Inc. disclosed that on August 21, 2026 it entered into a Third Amended and Restated Credit Agreement with its lenders and U.S. Bank National Association as administrative agent, amending and restating its prior credit agreement from October 27, 2017.

Which financial covenants were revised in UEIC's updated credit agreement (UEIC)?
The Third Amended and Restated Credit Agreement revises the consolidated fixed charge coverage ratio covenant and the consolidated cash flow leverage ratio covenant, along with certain definitions related to the borrowing base calculation. All other provisions of the prior credit agreement remain substantially the same.

How does the new UEIC credit agreement affect the borrowing base?
The agreement revises certain definitions related to calculations of the borrowing base. These definition changes affect how the borrowing base is determined but the report does not specify the numerical impact or detailed formula changes in the summary description.

Who is the administrative agent under UEIC's Third Amended and Restated Credit Agreement?
Under the Third Amended and Restated Credit Agreement, U.S. Bank National Association serves as the administrative agent, with various lenders as parties to the agreement alongside Universal Electronics Inc.

Did UEIC change all terms of its prior credit agreement?
No. Universal Electronics Inc. states that all other provisions of the Credit Agreement remain substantially the same, aside from changes to certain borrowing base definitions and the consolidated fixed charge coverage ratio and consolidated cash flow leverage ratio covenants.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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): August 21, 2026
  _______________________________________ 
UNIVERSAL ELECTRONICS INC.
(Exact name of Registrant as specified in its charter)
 _______________________________________
 
Delaware0-2104433-0204817
(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 classTrading Symbol(s)Name of each exchange on which registered
Common Stock, par value $0.01 per shareUEICThe 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 August 21, 2026, Universal Electronics Inc. (the "Company") entered into a Third Amended and Restated Credit Agreement (the “Third Amended and Restated Credit Agreement”) with the lenders from time to time parties thereto and U.S. Bank National Association (“U.S. Bank”), as administrative agent. The Third Amended and Restated Credit Agreement amends and restates that certain Second Amended and Restated Credit Agreement dated as of October 27, 2017, by and between the Company, the lenders from time to time parties thereto and U.S. Bank, as amended (the “Credit Agreement”), to, among other things, revise (i) certain definitions related to the calculations of the borrowing base, (ii) the consolidated fixed charge coverage ratio covenant and (iii) the consolidated cash flow leverage ratio covenant set forth in the Credit Agreement. All other provisions of the Credit Agreement remain substantially the same.

The foregoing description of the Third Amended and Restated Credit Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Third Amended and Restated Credit Agreement, 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. The following exhibits are furnished with this report.

Exhibit No.Description
10.1*
Third Amended and Restated Credit Agreement, dated August 21, 2026 (filed herewith)
104
Cover Page to this Current Report on Form 8-K, formatted in Inline XBRL

*Schedules (or similar attachments) to this Exhibit have been omitted in accordance with Item 601(a)(5) of Regulation S-K. The Registrant agrees to furnish supplementally a copy of all omitted schedules to the SEC on a confidential basis upon request.

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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: August 26, 2026By:/s/ Sui Man Ho
Sui Man (Raymond) Ho
Chief Financial Officer


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Source: View Original Filing on SEC EDGAR

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