Andrew Baxter Cox

J. Bruce Chan

- Universal Logistics Holdings, Inc.'s subsidiary, UDOT CTL-Funding, LLC, completed a **credit tenant lease financing transaction** on **October 22, 2025**, issuing a **$195.9 million senior secured promissory note**.  **[1308208_0001193125-25-251665_ulh-20251022.htm:1]** 
- The Note bears a **fixed interest rate of 6.84% per annum** and is due on **November 15, 2034**, with monthly principal and interest payments.  **[1308208_0001193125-25-251665_ulh-20251022.htm:1]** 
- Universal Logistics Holdings, Inc. executed a **Limited Guaranty** and an **Environmental Indemnity** for specific obligations, including prepayment shortfalls and environmental liabilities, while the Note's primary recourse is to the collateral in case of credit tenant rent default.  **[1308208_0001193125-25-251665_ulh-20251022.htm:1]** 
- The proceeds from the Note will be utilized for **closing costs and general business purposes**.  **[1308208_0001193125-25-251665_ulh-ex10_1.htm:17]**

Universal Logistics Holdings Subsidiary Completes $195.9 Million Debt Financing

- **Universal Logistics Holdings Inc.** has **postponed** the release of its **third-quarter financial results**, originally set for October 23, 2025, and the investor conference call, initially scheduled for October 24, 2025.  **[1308208_feac307c70214caebc2ffedddcd49b20]** 
- The delay is to **finalize non-cash impairment charges** related to intangible assets in its intermodal segment, with new dates to be announced once the financial reporting process is complete.  **[1308208_feac307c70214caebc2ffedddcd49b20]** 
- This follows **missed second-quarter 2025 earnings estimates**, with EPS of **$0.32** versus a forecast of $0.34 and revenues of **$393.8 million** below the expected $398.5 million.  **[1308208_feac307c70214caebc2ffedddcd49b20]** 
- The company faces financial challenges, including a **$911.7 million debt burden** and a **54% stock decline** over the past year, leading Stifel to lower its price target to **$24 from $28** while maintaining a Hold rating.  **[1308208_feac307c70214caebc2ffedddcd49b20]**

Universal Logistics Delays Q3 Results Due to Intangible Asset Impairment

- Universal Logistics Holdings, Inc. (ULH) entered into a **Third Amendment Agreement** on **October 1, 2025**, modifying its Credit and Security Agreement.  **[1308208_0001193125-25-230209_ulh-ex10_1.htm:0]** **[1308208_0001193125-25-230209_ulh-20251001.htm:1]** 
- This amendment **increases the maximum revolving amount by $100.0 million, raising the total to $500.0 million** through a partial exercise of the accordion feature.  **[1308208_0001193125-25-230209_ulh-ex10_1.htm:0]** **[1308208_0001193125-25-230209_ulh-20251001.htm:1]** 
- The agreement also permits a subsidiary of Universal to borrow up to **$200.0 million** under a potential credit tenant lease financing transaction, with the net proceeds intended for repaying existing indebtedness and prepaying revolving loans.  **[1308208_0001193125-25-230209_ulh-20251001.htm:1]** 
- The amendment includes customary affirmative and negative covenants, as well as financial covenants requiring minimum fixed charge coverage and leverage ratios.  **[1308208_0001193125-25-230209_ulh-20251001.htm:1]**

UNIVERSAL LOGISTICS HOLDINGS (ULH)