Universal Technical Institute entered into a new senior secured revolving credit facility on August 12, 2026, refinancing its existing agreement in its entirety. The $200 million facility increases capacity from the previous $125 million limit and includes a $75 million letter of credit sublimit and up to $75 million for uncommitted incremental facilities. The five-year term matures in August 2031, with interest rates tied to Term SOFR or Base Rate plus applicable margins based on leverage ratios. Proceeds will support working capital, acquisitions, and the company's North Star Strategy. Universal Technical Institute operates in the vocational education industry, providing workforce training programs for transportation, skilled trades, healthcare, and dental sectors.