Universal Technical Institute Signs New $200M Revolving Credit Facility
Universal Technical Institute signed a new $200 million senior secured revolving credit facility led by Fifth Third Bank with participation from JPMorgan Chase, Truist, Citibank and PNC, refinancing and replacing its prior Fifth Third facility. The five-year agreement runs to August 2031, increases swingline and letters of credit sublimits, and allows up to $75 million of uncommitted incremental facilities.