Udemy closes $200M senior secured revolving credit facility, undrawn at closing

Udemy, Inc.

Facility matures May 30, 2030; provides $200M revolving loans with $10M letters of credit and swingline sublimits.
Credit line undrawn at closing; Udemy had $350M+ cash, cash equivalents and marketable securities as of March 31, 2025.
Proceeds for working capital and general corporate purposes; total liquidity including facility exceeds $550M.
Lending syndicate includes Citibank, MUFG, JPMorgan, and Morgan Stanley.

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