Universal Corporation has closed a $1.4 billion senior unsecured credit facility, effective December 9. The newly named 2025 Facility replaces the company’s prior $1.15 billion arrangement.

The 2025 Facility comprises a five-year $780 million revolving credit line, a $275 million five-year term loan, and a $345 million seven-year term loan.

Chairman and CEO Preston Wigner said the refinancing enhances liquidity, lowers borrowing costs and expands the company’s banking relationships, positioning Universal to advance strategic priorities and deliver long-term shareholder value. JPMorgan Chase, Truist Securities and AgFirst Farm Credit Bank served as joint bookrunners and lead arrangers for the facility.

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