secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL TECHNICAL INSTITUTE INC (UTI)
CIK:        0001261654
Form:       8-K
Filed at:   2022-11-21T23:59:59+00:00
Accession:  0001193125-22-289578
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.02, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UTI reports FY2022 revenue ~$418.8M, adj. EBITDA >=$55M; secures $100M revolver, Concorde closing Dec 2022
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1261654/000119312522289578/0001193125-22-289578-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1261654/000119312522289578/d377692d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-289578

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer