Udemy – a leading AI-based skills development platform with nearly 80 million users globally – 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. And the credit line remains undrawn at closing. Udemy reports no outstanding debt and a robust liquidity profile, with more than $350 million in cash, cash equivalents, and marketable securities as of March 31, 2025.
Udemy entered into the facility with a lending syndicate that includes Citibank as the administrative agent and MUFG Bank as the joint lead arranger, along with JPMorgan Chase and Morgan Stanley Senior Funding.
KEY QUOTES:
“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. 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.”
Hugo Sarrazin, President and CEO of Udemy
