UNIVERSAL INSURANCE HOLDINGS, INC. — Form 10-Q
Filed July 30, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 42/100
What the filing says
On May 29, 2026, Universal Insurance Holdings, Inc. entered into a credit agreement with JPMorgan Chase Bank, N.A. as administrative agent. The facility provides a $50,000,000 aggregate revolving commitment available through May 28, 2027. The borrower may draw loans, request letters of credit (up to $5 million aggregate), and reborrow funds during the availability period. Interest accrues at SOFR-based rates plus a 2.00% spread for term loans and 2.00% for RFR loans, or alternate base rate plus 1.00%. A 0.375% commitment fee applies to unused amounts. Standard covenants, representations, and events of default are included.
Why this rating
Routine credit facility renewal/refinancing. Material to operations but standard for $711M market-cap insurance company; modest size relative to company valuation.
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