Short answer
UNIVERSAL INSURANCE HOLDINGS, INC. (UVE) filed an 8-K current report with the SEC on June 18, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement), Item 2.03 (Creation of a Direct Financial Obligation), Item 8.01 (Other Events). $100M issued in 7.75% senior unsecured notes due June 30, 2031.
UNIVERSAL INSURANCE HOLDINGS, INC. 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- $100M issued in 7.75% senior unsecured notes due June 30, 2031
- Proceeds intended partly to redeem outstanding 5.625% senior notes due 2026, extending maturity but increasing stated interest cost
- Quarterly leverage covenant capped Total Consolidated Indebtedness at 40% of GAAP capitalization
- Cash requirement equal to next 12 months’ note interest, implying minimum coverage of approximately $7.75M
- Registration failure could trigger additional interest; defaults may accelerate debt and suspend cash dividends
Item 8.01 · Other Events
- Conditional redemption announced for all outstanding 2026 Notes
- Redemption dependent on completing the company’s private placement
- Potential debt retirement, reducing future refinancing obligations if the financing closes
- Indenture governs the notes, with Trustee administering redemption process
Other items in this filing:
- Item 2.03: Creation of a Direct Financial Obligation
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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