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Universal Technical Institute, Inc. secures a $200 million revolving line of credit agreement with a consortium led by Fifth Third Bank, reinforcing investor confidence in its business model.

PUBLIC · UTIAug 18, 2026•about 5 hours ago

Amount Raised

$200 Million

Round Type

Debt Financing

Investors

Pnc BankCitibankTruistJp Morgan ChaseFifth Third Bank

Description

Universal Technical Institute, Inc. has entered into a new $200 million credit agreement, refinancing its existing facility. The agreement allows for a senior secured revolving credit facility with essential sublimits. This strategic move demonstrates the long-term commitment of leading financial institutions in the company's vision

Company Information

Company

Universal Technical Institute

About

Founded in 1965 and with more than 225,000 graduates in its history, Universal Technical Institute, Inc. (NYSE: UTI) is the nation's leading provider of technical training for automotive, diesel, collision repair, motorcycle and marine technicians, and also offers welding technology and computer numerical control (CNC) machining programs. The company has built partnerships with industry leaders, outfits its state-of-the-industry facilities with current technology, and delivers training that is aligned with employer needs. Through its network of 12 campuses nationwide, UTI offers post-secondary programs under the banner of several well-known brands, including Universal Technical Institute (UTI), Motorcycle Mechanics Institute and Marine Mechanics Institute (MMI) and NASCAR Technical Institute (NASCAR Tech). The company is headquartered in Phoenix, Arizona. For more information, visit www.uti.edu or follow on LinkedIn @UniversalTechnicalInstitute.

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