---
schema_version: "secwatch.filing_event.v1"
accession: "0001607939-25-000075"
form_type: "8-K"
ticker: "UDMY"
cik: "0001607939"
company_name: "Udemy, Inc."
filed_at: "2025-06-03T23:59:59+00:00"
generated_at: "2026-05-20T01:37:44.901653+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001607939-25-000075
- form_type: 8-K
- ticker: UDMY
- cik: 0001607939
- company_name: Udemy, Inc.
- filed_at: 2025-06-03T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1607939/000160793925000075/0001607939-25-000075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1607939/000160793925000075/udmy-20250530.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001607939-25-000075
- JSON: https://secwatch.observer/filing/0001607939-25-000075.json
- Plain text: https://secwatch.observer/filing/0001607939-25-000075.txt

## Key facts
- Debt Financings
  Udemy, Inc. incurred revolving credit of $200.0 million with Citibank, N.A. at adjusted term SOFR rate (based on one, three or six month interest periods), plu maturing five-year.
  - Instrument: revolving credit
  - Principal: $200.0 million
  - Counterparty: Citibank, N.A.
  - Rate: adjusted term SOFR rate (based on one, three or six month interest periods), plu
  - Maturity: five-year
  - Event: incurrence
  source text: mpany”) entered into a credit agreement by and among the Company, certain subsidiaries of the Company from time to time party thereto as guarantors, the lenders named in the Credit Agreement (the “Lenders”), the other financial institutions party thereto, and Citibank, N.A., as administrative agent and collateral agent (such agreement, the “Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1607939/000160793925000075/0001607939-25-000075-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.