debt
confidence high
sentiment positive
materiality 0.65
UTI amends credit agreement to $125M revolver, adds $25M accordion, extends maturity to Nov 2027
UNIVERSAL TECHNICAL INSTITUTE INC
- Revolving loan commitment increased to $125.0 million from prior amount.
- Added $25.0 million accordion feature for potential future borrowing.
- Maturity extended to November 30, 2027; credit spread adjustment eliminated.
- Third Amendment entered September 26, 2024 with Fifth Third Bank as lender.