secwatch.observer — SEC 8-K summary
======================================

Issuer:     UNIVERSAL TECHNICAL INSTITUTE INC (UTI)
CIK:        0001261654
Form:       8-K
Filed at:   2026-08-18T13:10:07+00:00
Accession:  0001193125-26-354799
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Universal Technical Institute refinances with new $200M revolving credit facility
--------------------------------------------------------------------------------

- New $200M senior secured revolving credit facility replaces existing $125M facility; matures August 2031.
- Includes $15M swingline sublimit and $75M letters of credit (up from $20M); $75M uncommitted incremental capacity.
- Lenders: Fifth Third Bank (admin agent), JPMorgan Chase, Truist, Citibank, and PNC.
- Interest at Term SOFR + 1.50%-2.25% margin or Base Rate + 0.50%-1.25%; unused fee 0.20%-0.35%.
- Proceeds to support working capital, internal initiatives, and acquisitions under North Star Strategy.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1261654/000119312526354799/0001193125-26-354799-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1261654/000119312526354799/d404364d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-354799

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