Udemy Secures $200 Million Revolving Credit Facility

About this update from Udemy, Inc.

[{"type":"text","content":"\nNew facility enhances financial flexibility to invest in future growth initiatives\n\n\n SAN FRANCISCO--(BUSINESS WIRE)--\nUdemy (Nasdaq: UDMY), a leading AI-powered skills development platform with nearly 80 million users globally, today announced the closing of a new $200 million senior secured revolving credit facility (“the Facility”).\n\n\nThe Facility, which matures on May 30, 2030, provides Udemy with enhanced financial flexibility to support its long-term strategic growth initiatives. The credit line remains undrawn at closing. Udemy enters into the agreement with no outstanding debt and a robust liquidity profile, including more than $350 million in cash, cash equivalents, and marketable securities as of March 31, 2025.\n\n\n“This revolving credit facility significantly enhances our strategic optionality at a pivotal moment in Udemy's evolution and the broader global workforce skills development market,” said Hugo Sarrazin, President and CEO of Udemy. “With over $550 million in total liquidity, we are well positioned to accelerate our AI innovation roadmap, pursue high-ROI growth initiatives across both our Enterprise and Consumer segments, and capitalize on strategic opportunities that may arise in this dynamic market environment. This additional financial flexibility complements our strong cash generation profile and disciplined capital allocation approach, ensuring we can act decisively from a position of strength. As organizations globally face an unprecedented reskilling imperative driven by AI transformation and evolving workforce demands, this enhanced financial foundation enables Udemy to extend our leadership as the essential partner for individuals and enterprises navigating the most significant workplace transformation in decades.”\n\n\nUdemy entered into the Facility with a lending syndicate that includes Citibank, N.A. as Administrative Agent, MUFG Bank, Ltd. as Joint Lead Arranger, JPMorgan Chase Bank, N.A., and Morgan Stanley Senior Funding, Inc. Additional details on the Facility are available in a Form 8-K, which has been filed with the Securities and Exchange Commission and can be reviewed on Udemy’s investor relations website.\n\n\nAbout Udemy\n\n\nUdemy (Nasdaq: UDMY) is an AI-driven skills development platform transforming how companies and individuals across the world build the capabilities neede...

More updates from Udemy, Inc.