UNIVERSAL TECHNICAL INSTITUTE INC

$200m committed across 1 active facility, next covenant test Sep 30, 2026. UTI

Services-Educational Services

Recent changes

  1. Aug 18, 2026UNIVERSAL TECHNICAL INSTITUTE INC signs $200m Credit Agreement, matures Aug 2031SEC ↗

Net leverage: when the limit steps, and which way the company's ratio has been moving.

3.50x1.32x-0.85x
Tested quarterly87.7%ratio 0.37x, estimated, vs 3.00x limit in force at Jun 30, 20263.00x
The Borrower shall not permit the Consolidated Total Net Leverage Ratio to be greater than 3.00 to 1.00 as of the last day of any Fiscal Quarter, commencing with the Fiscal Quarter ending September 30, 2026.
Read the filing on sec.gov ↗
Tested quarterly596.0%ratio 20.88x, estimated, vs 3.00x limit in force at Jun 30, 20263.00x
The Borrower shall not permit the Consolidated Interest Coverage Ratio to be less than 3.00 to 1.00 as of the last day of any Fiscal Quarter, commencing with the Fiscal Quarter ending September 30, 2026.
Read the filing on sec.gov ↗

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Credit Agreement

Signed Aug 12, 2026

Committed
$200m
Matures
Aug 2031
Agent
Fifth Third Bank, National Association
TrancheSizeMaturesMargin
Revolving credit facility$200mAug 2031150–225 bps

Priced over Term SOFR, floor 0 bps (Revolving credit facility).

LevelConditionMarginUnused fee
Level I> 2.50225 bps35 bps
Level II< 2.50 but > 2.00200 bps30 bps
Level III< 2.00 but > 1.50175 bps25 bps
Level IV< 1.50150 bps20 bps

§1.1

Lenders: Fifth Third Bank, National Association, JPMorgan Chase Bank, N.A., Truist Securities, Inc., Truist Bank, PNC Bank, National Association, Citibank, N.A.

No amendments on file yet.

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