Universal Corporation Closes $1.4 Billion Credit Facility Refinancing

RICHMOND, Va.--(BUSINESS WIRE)--Universal Corporation (NYSE:UVV) (“Universal” or the “Company”), a leading global business-to-business agriproducts company, today announced it has successfully entered into a new bank credit agreement. The credit agreement, which became effective on December 9, 2025, established a $1.4 billion senior unsecured credit facility (the “2025 Facility”) that consists of a five-year $780 million committed revolving credit facility, a funded $275 million five-year term loan, and a funded $345 million seven-year term loan. The 2025 Facility replaced the Company’s $1.15 billion senior unsecured credit facility.

“This refinancing strengthens our Company by increasing liquidity and financial flexibility, lowering borrowing costs, and expanding our banking relationships,” said Preston Wigner, Chairman, President, and Chief Executive Officer of Universal. “We appreciate the strong support from our new and existing banking partners. Our new credit facility positions us to advance our strategic priorities and deliver long-term value for our shareholders.”

JPMorgan Chase Bank, N.A., Truist Securities, Inc., and AgFirst Farm Credit Bank served as joint bookrunners and joint lead arrangers.

Please refer to the Company’s Current Form on 8-K filed with the Securities and Exchange Commission on December 9, 2025, for additional details regarding the 2025 Facility.

About Universal Corporation

Universal Corporation (NYSE:UVV) is a global agricultural company with over 100 years of experience supplying products and innovative solutions to meet our customers’ evolving needs and precise specifications. Through our diverse network of farmers and partners across more than 30 countries on five continents, we are a trusted provider of high-quality, traceable products. We leverage our extensive supply chain expertise, global reach, integrated processing capabilities, and commitment to sustainability to provide a range of products and services designed to drive efficiency and deliver value to our customers. For more information, visit www.universalcorp.com.