UNIVERSAL TECHNICAL INSTITUTE INC — Form 8-K
Filed August 18, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
Universal Technical Institute entered into a new $200M revolving credit facility dated August 12, 2026, with Fifth Third as agent/arranger, JPMorgan Chase and Truist as co-arrangers, replacing prior 2022 facility. The facility includes a $15M swing line subfacility and up to $75M in incremental increases available. Interest rates range from Base Rate + 0.50%-1.25% or Tranche Rate + 1.50%-2.25% depending on leverage ratio; unused commitment fee of 0.20%-0.35%. Pricing/terms are typical for mid-market educational institutions. Facility matures August 12, 2031.
Why this rating
Standard debt refinancing with same commitment amount ($200M); routine covenant package for sector; no material change in borrowing structure, leverage, or business terms evident.
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