UNIVERSAL ELECTRONICS INC. (NASDAQ:UEIC) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01Entry into a Material Definitive Agreement
On December 27, 2018, Universal Electronics Inc. (the “Company”) entered into a Second Amendment to the Second Amended and Restated Credit Agreement (the “Credit Agreement”) with U.S. Bank National Association. The amendment to the Credit Agreement, which is effective December 20, 2018, removes Wells Fargo Bank, National Association as a lender, decreases the Company’s borrowing capacity under the revolving line of credit from $170,000,000 to $130,000,000 until June 30, 2019 and to $125,000,000 thereafter, and extends the maturity date to November 1, 2020. All other provisions of the Credit Agreement remain substantially the same.
The foregoing description of the Second 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 Second 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.
Item 1.01Exhibits
(d) Exhibits. The following exhibit is filed with this Report.
10.1 Second Amendment to Second Amended and Restated Credit Agreement dated December 20, 2018
UNIVERSAL ELECTRONICS INC Exhibit
EX-10.1 2 usb-secondamendmenttoueise.htm EXHIBIT 10.1 Exhibit Exhibit 10.1SECOND AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENTThis Second Amendment to Second Amended and Restated Credit Agreement (this “Amendment”) dated as of December 20,…
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About UNIVERSAL ELECTRONICS INC. (NASDAQ:UEIC)
Universal Electronics Inc. (UEI) develops control and sensor technology solutions and manufactures a line of pre-programmed and universal remote control products, audio-video (AV) accessories, and intelligent wireless security and automation components. The Company’s offerings include pre-programmed universal infrared (IR) and radio frequency (RF) remote controls that are sold primarily to subscription broadcasting providers, original equipment manufacturers (OEMs), retailers, and private label customers, and integrated circuits, on which its software and universal device control database is embedded, sold primarily to OEMs, subscription broadcasting providers, and private label customers. Its offerings also include software, firmware and technology solutions that enable devices, such as televisions, set-top boxes, stereos, smart phones tablets, gaming controllers and other consumer electronic devices to wirelessly connect and interact with home networks and interactive services.
