Universal Logistics Enters Material Definitive Agreement

TL;DR

ULH just signed a big deal, filing an 8-K. Watch this space.

AI Summary

Universal Logistics Holdings, Inc. entered into a material definitive agreement on April 5, 2024, related to a financial obligation. The company, incorporated in Michigan, filed an 8-K report detailing this event. This filing is a current report under the Securities Exchange Act of 1934.

Why It Matters

This filing indicates a significant new financial commitment or agreement for Universal Logistics Holdings, Inc., which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and financial obligations can introduce new risks related to the terms of the agreement and the company's ability to meet its obligations.

Key Players & Entities

• UNIVERSAL LOGISTICS HOLDINGS, INC. (company) — Registrant
• April 05, 2024 (date) — Date of earliest event reported
• Michigan (location) — State of Incorporation
• 12755 E. Nine Mile Road (address) — Principal Executive Offices
• Warren (location) — City of Principal Executive Offices
• 48089 (zip_code) — Zip Code of Principal Executive Offices

FAQ

Filing Documents

• ulh-20240405.htm (8-K) — 40KB
• ulh-ex10_1.htm (EX-10.1) — 1438KB
• 0000950170-24-043006.txt ( ) — 1796KB
• ulh-20240405.xsd (EX-101.SCH) — 23KB
• ulh-20240405_htm.xml (XML) — 4KB

01 Entry into Material Definitive Agreement

Item 1.01 Entry into Material Definitive Agreement. On April 5, 2024, Universal Management Services, Inc. ("Universal Management"), a subsidiary of Universal Logistics Holdings, Inc. ("Universal") and certain of our borrowing subsidiaries entered into an amendment to their credit agreement with KeyBank National Association, KeyBanc Capital Markets, Inc., The Huntington Bank, U.S. Bank National Association, and a syndicate of lenders. The amendment modifies the credit agreement by, among other things, joining additional subsidiaries as guarantors of payment and expanding the scope of exceptions to certain restrictive covenants in the credit agreement. The additional guarantors of payment under the amended credit agreement are Tiger Mexico Holdings I, LLC, Tiger Mexico Holdings II, LLC, Logistics Insight Corporation, S. de R.L. de C.V. and Tigre Carga Equipos, S. de R.L. de C.V. As security for the indebtedness under the amended credit agreement, the borrowers and guarantors grant KeyBank a first-priority pledge of the capital stock of certain of our subsidiaries, as specified in the amended credit agreement. KeyBank was also granted a first-priority, perfected security interest in cash, deposits, accounts receivable, inventory, equipment, and selected other assets of the borrowers and guarantors, as specified in the amended credit agreement. The amended credit agreement includes customary affirmative and negative covenants, as well as financial covenants requiring minimum fixed charge coverage and leverage ratios, as defined in the amended credit agreement. It contains customary events of default that would permit the lenders to accelerate the loans if not cured within applicable grace periods, including the failure to make timely payments, the failure to satisfy covenants, a change in control of us or our subsidiaries, and specified events of bankruptcy or insolvency. The amended credit agreement also includes customary mandatory prepayments provisions. The

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. 10.1 Second Amendment Agreement dated April 5, 2024 among Universal Management Services, Inc., certain of its affiliates identified therein as Borrowers, KeyBank National Association, and the Lenders party thereto . 104 Cover Page Interactive Data File (formatted as Inline XBRL)

SIGNATURES

SIGNATURES 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 LOGISTICS HOLDINGS, INC. Date: April 9, 2024 By: /s/ Steven Fitzpatrick Steven Fitzpatrick Secretary

View Full Filing

View this 8-K filing on SEC EDGAR