Udemy Inc., the AI-powered skills development platform, has secured a new $200 million senior secured revolving credit facility to bolster its financial flexibility for future growth initiatives. The facility, which matures on May 30, 2030, remains undrawn and adds to Udemy's strong liquidity profile, which includes over $350 million in cash and marketable securities. The lending syndicate for this facility includes Citibank, N.A. as Administrative Agent, along with MUFG Bank, Ltd., JPMorgan Chase Bank, N.A., and Morgan Stanley Senior Funding, Inc. This financial move positions Udemy to accelerate its AI innovation and pursue strategic growth opportunities in the evolving global workforce skills development market.
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