{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-22-289578","form_type":"8-K","ticker":"UTI","cik":"0001261654","company_name":"UNIVERSAL TECHNICAL INSTITUTE INC","filed_at":"2022-11-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:49.941616+00:00","generated_at":"2026-06-21T14:52:36.442613+00:00","sec_items":["1.01","2.02","2.03","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"UTI reports FY2022 revenue ~$418.8M, adj. EBITDA >=$55M; secures $100M revolver, Concorde closing Dec 2022","bullets":["Revenue ~$418.8M; adj. EBITDA expected >=$55M; FY2022 results in line with guidance.","New student starts ~13,374, up ~2.7% YoY.","Entered $100M revolver with Fifth Third Bank; 3-year term; interest SOFR + 1.75%-2.25%.","Concorde acquisition expected to close Dec 2022 after DOE APAR completed.","Available liquidity ~$190M including revolver."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-22-289578","json":"https://secwatch.observer/filing/0001193125-22-289578.json","markdown":"https://secwatch.observer/filing/0001193125-22-289578.md","text":"https://secwatch.observer/filing/0001193125-22-289578.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1261654/000119312522289578/0001193125-22-289578-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1261654/000119312522289578/d377692d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T14:52:36.442613+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f6a6c749c0e090958c3bfc2a73b8bd411f708596","claim":"UNIVERSAL TECHNICAL INSTITUTE INC incurred revolving credit of $100.0 million with Fifth Third Bank maturing three years.","evidence_excerpt":"On November 18, 2022, Universal Technical Institute, Inc., a Delaware corporation (the “ Company ”), as borrower, and certain of its subsidiaries (collectively with the Company, the “ Loan Parties ”), entered into a Credit Agreement (“ Credit Agreement ”) with Fifth Third Bank, a national banking association (the “ Lender ”). Under the Credit Agreement, the Company obtained a $100.0 million senior secured revolving credit facility (the “ Facility ”) for a term of three years, unless earlier terminated pursuant to the terms and conditions set forth in the Credit Agreement.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1261654/000119312522289578/0001193125-22-289578-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$100.0 million"},{"label":"Counterparty","value":"Fifth Third Bank"},{"label":"Maturity","value":"three years"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"60a6ffb8c85ac6a4aa463b451de054bfe41b458d","claim":"UNIVERSAL TECHNICAL INSTITUTE INC reported the full fiscal year ended September 30, 2022 results: revenue approximately $418.8 million. Guidance reaffirmed.","evidence_excerpt":"• Continued progress towards closing of Concorde Career Colleges acquisition Select Preliminary, Unaudited Financial Results for Full Fiscal Year 2022 • Revenue of approximately $418.8 million • Currently anticipate adjusted EBITDA of not less than $55.0 million (see non-GAAP information below) • New student starts of approximately 13,374, or growth of approximately","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1261654/000119312522289578/0001193125-22-289578-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the full fiscal year ended September 30, 2022"},{"label":"Revenue","value":"approximately $418.8 million"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"},{"claim_id":"1977ee4ca8b6fdd96ff7855f934aae2d1682c139","claim":"UNIVERSAL TECHNICAL INSTITUTE INC entered into Credit Agreement with Fifth Third Bank valued at $100.0 million (effective 2022-11-18).","evidence_excerpt":"On November 18, 2022, Universal Technical Institute, Inc., a Delaware corporation (the “ Company ”), as borrower, and certain of its subsidiaries (collectively with the Company, the “ Loan Parties ”), entered into a Credit Agreement (“ Credit Agreement ”) with Fifth Third Bank, a national banking association (the “ Lender ”). Under the Credit Agreement, the Company obtained a $100.0 million senior secured revolving credit facility (the “ Facility ”) for a term of three years, unless earlier terminated pursuant to the terms and conditions set forth in the Credit Agreement.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1261654/000119312522289578/0001193125-22-289578-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Fifth Third Bank"},{"label":"Value","value":"$100.0 million"},{"label":"Effective","value":"2022-11-18"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}