Udemy, a leading AI-powered skills development platform, has recently announced the closing of a new $200 million senior secured revolving credit facility. This facility, which matures on May 30, 2030, provides Udemy with enhanced financial flexibility to support its long-term strategic growth initiatives. As of March 31, 2025, Udemy had more than $350 million in cash, cash equivalents, and marketable securities.
This new revolving credit facility significantly enhances Udemy's strategic optionality, providing the company with over $550 million in total liquidity. With this additional financial flexibility, Udemy aims to accelerate its AI innovation roadmap, pursue high-ROI growth initiatives across both its enterprise and consumer segments, and capitalize on strategic opportunities that may arise in the dynamic market environment.
The lending syndicate for this facility 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.
Udemy has a global community of diverse and knowledgeable instructors, and millions of learners gain expertise in a wide range of technical and professional skills through its platform. Udemy Business empowers enterprises to offer on-demand learning for all employees, immersive learning for tech teams through Udemy Business Pro, and cohort learning for leaders through Udemy Business Leadership Academy. The company's customers include well-known names such as Fender®, Glassdoor, ON24, the World Bank, and Volkswagen. As a result of these announcements, the company's shares have moved 1.86% on the market, and are now trading at a price of $7.6805. If you want to know more, read the company's complete 8-K report here.
