filecrux
$UVV (Universal Corp, leaf tobacco supplier) paid lenders to lift its net leverage cap to 3.75x through Dec 2026, back to 3.00x by June 2027. June 30 net debt: $1.01B vs ~$1.05B market cap at Oct 12's $41.93 close. Universal says June debt reflects seasonal tobacco buying: total debt was down $55.5 million vs June 30, 2025, it had approximately $1.1 billion of available liquidity, and it expects customer demand to remain consistent with its fiscal year sales plan. The consent fee amount and the actual Sept 30 leverage ratio were not disclosed.
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