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Universal Technical Institute secures $200M revolving credit line with Fifth Third

Universal Technical Institute logoUniversal Technical Institute
Sig2.43Sen+4.10Env0.00Soc0.00Gov+0.40
Fifth Third Bank logoFifth Third Bank
Sig1.74Sen+2.03Env0.00Soc0.00Gov0.00
JPMorgan Chase logoJPMorgan Chase
Sig1.46Sen+1.19Env0.00Soc0.00Gov+0.11
PNC Financial Services logoPNC Financial Services
Sig2.25Sen+2.20Env0.00Soc0.00Gov0.00

Universal Technical Institute replaced its prior credit facility with a new senior secured $200 million revolving line led by Fifth Third Bank, with a $15 million swingline sublimit and $75 million for letters of credit. The agreement also allows up to $75 million in uncommitted incremental facilities. The company’s programs are offered at 35 campuses nationwide and online under UTI and Concorde Career Colleges.

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