Universal Technical Institute, Inc. Announces New Revolving Line Of Credit Agreement With Fifth Third Bank, Jpmorganchase, Truist, Citi And Pnc
UTI•New revolving credit agreement
Universal Technical Institute, Inc. UTI.N:
- Universal Technical Institute, Inc. announces new revolving line of credit agreement with Fifth Third Bank, Jpmorganchase, Truist, Citi and Pnc
- New facility provides senior secured revolving credit of $200 million, up from $125 million
- Facility includes $15 million swingline loan sublimit and $75 million letter of credit sublimit
- Facility includes capacity for uncommitted incremental facilities up to $75 million
