# UNIVERSAL TECHNICAL INSTITUTE INC (UTI) — merger/definitive [announced]
Source: sec.gov · situation sit_46bb3bf5cca123ed521c · public 5812172783245785643 · retrieved 2026-08-19T12:58:00.892Z

## Overview
Universal Technical Institute, Inc. is an educational services company that operates post-secondary schools offering career training programs and participates in Title IV federal student financial assistance programs.

Universal Technical Institute entered into a new $200 million senior secured revolving credit facility on August 12, 2026, with Fifth Third Bank as administrative agent and sole bookrunner, JPMorgan Chase Bank and Truist Bank as joint lead arrangers, and Citibank and PNC Bank as lenders. The facility includes a $15 million sublimit for swingline loans and a $75 million sublimit for letters of credit, plus capacity for up to $75 million in uncommitted incremental facilities. The new credit agreement refinances and replaces the company's existing credit agreement in its entirety and matures in August 2031.

## Terms
- Counterparty: Fifth Third Bank, JPMorgan Chase Bank, Truist Bank, Citibank, PNC Bank · Deal value: $200.0M

## Key dates
- Announced 2026-08-18 · Expiry 2031-08-12

## Timeline
- 2026-08-18 · 8-K (0001193125-26-354799): 8-K - UNIVERSAL TECHNICAL INSTITUTE INC — *Universal Technical Institute, Inc. is an educational services company that operates post-secondary schools offering career training programs and participates in Title IV federal student financial assistance programs.* Universal Technical Institute entered into a new $200 million senior secured revolving credit facility on August 12, 2026, with Fifth Third Bank as administrative agent and sole bookrunner, JPMorgan Chase Bank and Truist Bank as joint lead arrangers, and Citibank and PNC Bank as lenders. The facility includes a $15 million sublimit for swingline loans and a $75 million sublimit for letters of credit, plus capacity for up to $75 million in uncommitted incremental facilities. The new credit agreement refinances and replaces the company's existing credit agreement in its entirety and matures in August 2031.
  https://www.sec.gov/Archives/edgar/data/1261654/0001193125-26-354799.txt

## Citations
- 0001193125-26-354799 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526354799