secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL TECHNICAL INSTITUTE INC (UTI)
CIK:        0001261654
Form:       8-K
Filed at:   2024-09-26T23:59:59+00:00
Accession:  0001193125-24-226939
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

UTI amends credit agreement to $125M revolver, adds $25M accordion, extends maturity to Nov 2027
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1261654/000119312524226939/0001193125-24-226939-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1261654/000119312524226939/d836140d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-226939

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