UEI - Universal Electronics Inc.
08/28/2024 | Press release | Distributed by Public on 08/28/2024 09:51
Material Agreement Form 8 K
Item 1.01 Entry into a Material Definitive Agreement
On August 22, 2024, Universal Electronics Inc. (the "Company") entered into an Eighth Amendment to the Second Amended and Restated Credit Agreement (the "Credit Agreement") with U.S. Bank National Association (the "Bank"). This Eighth Amendment to the Credit Agreement, with an effective date of August 16, 2024, allows for, among other things, the Company to incur "Other Indebtedness" in amounts not to exceed $13,000,000 and allows the Company to grant a "Lien" in favor of Bank of China in an amount not to exceed $11,500,000 (not including "Property" located in the United States). All other provisions of the Credit Agreement remain substantially the same.
The foregoing description of the Eighth Amendment to the Credit Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Eighth Amendment to the Credit Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.