secwatch.observer — SEC 8-K summary
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Issuer:     Udemy, Inc. (UDMY)
CIK:        0001607939
Form:       8-K
Filed at:   2025-06-03T23:59:59+00:00
Accession:  0001607939-25-000075
Event type: debt
Sentiment:  positive
Materiality: 0.40
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1607939/000160793925000075/0001607939-25-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1607939/000160793925000075/udmy-20250530.htm
  HTML page:      https://secwatch.observer/filing/0001607939-25-000075

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