Universal Corporation announced the closing of a $1.4 billion senior unsecured credit facility, effective December 9. The new 2025 Facility includes a five-year $780 million revolving credit line, a $275 million five-year term loan, and a $345 million seven-year term loan, replacing the company’s prior $1.15 billion facility.
Chairman and CEO Preston Wigner said the refinancing enhances liquidity, lowers borrowing costs, and expands banking relationships, positioning Universal to advance strategic priorities and deliver long-term shareholder value.
JPMorgan Chase, Truist Securities, and AgFirst Farm Credit Bank acted as joint bookrunners and lead arrangers for the facility.
