Brief: Universal Electronics Amends Credit Agreement to Decrease Borrowing Capacity

Universal Electronics

03/01/2019 20:08

Jan 3 (Reuters) - Universal Electronics Inc  UEIC.O :
    * UNIVERSAL ELECTRONICS SAYS ENTERED SECOND AMENDMENT TO
CREDIT
AGREEMENT - SEC FILING
    * UNIVERSAL ELECTRONICS - AMENDMENT TO CREDIT AGREEMENT,
WHICH IS
EFFECTIVE DEC 20, 2018, REMOVES WELLS FARGO BANK, NATIONAL
ASSOCIATION AS A LENDER
    * UNIVERSAL ELECTRONICS - AMENDMENT DECREASES CO'S BORROWING
CAPACITY UNDER REVOLVING LINE OF CREDIT FROM $170 MILLION TO
$130 MILLION UNTIL JUNE 30, 2019
    * UNIVERSAL ELECTRONICS - AMENDMENT TO CREDIT AGREEMENT
EXTENDS
MATURITY DATE TO NOVEMBER 1, 2020
    * UNIVERSAL ELECTRONICS INC - ALL OTHER PROVISIONS OF CREDIT
AGREEMENT REMAIN SUBSTANTIALLY SAME
    * UNIVERSAL ELECTRONICS - AMENDMENT DECREASES CO'S BORROWING
CAPACITY UNDER REVOLVING LINE OF CREDIT TO $125 MILLION AFTER
JUNE 30, 2019

Source text: (https://bit.ly/2LPrdTx)
Further company coverage:  UEIC.O 

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