Udemy has landed a $200 million revolving credit facility.
Takeaway Points
- Udemy has landed a $200 million revolving credit facility.
- The company enters into the agreement with no outstanding debt and a robust liquidity profile.
- On April 30, 2025, Udemy reported its first quarter 2025 results.
- The total revenue increased 2 percent year-over-year to $200.3 million.
Udemy Secures $200 Million
Udemy, a leading AI-powered skills development platform with nearly 80 million users globally, on Tuesday announced the closing of a new $200 million senior secured revolving credit facility (“the Facility”).
The facility, which matures on May 30, 2030, provides Udemy with increased financial flexibility to aid its long-term strategic growth initiatives, the report stated.
Hugo Sarrazin, President and CEO of Udemy, commented, “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.”
Sarrazin added, “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.”
The Agreement
According to the report, 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.
The Agents
Udemy said that it 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.
Extra 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, the report stated.
Udemy Reports First Quarter 2025 Results
On April 30, 2025, Udemy reported results for the three-month period ended March 31, 2025. Udemy has provided a supplemental deck with earnings highlights, which is available for download on the “Quarterly Results” section of the Investor Relations website.
The Financial Report
According to the report, the total revenue increased 2 percent year-over-year to $200.3 million. The revenue growth includes a negative impact of 2 percentage points from changes in foreign exchange (FX) rates.
Consumer segment revenue of $72.6 million decreased 8 percent year-over-year, including the negative impact of 3 percentage points from changes in FX rates, Udemy said.
About Udemy
Udemy is an AI-driven skills development platform transforming how companies and individuals across the world build the capabilities needed to thrive in a rapidly evolving workplace. By combining on-demand, multi-language content with real-time innovation, Udemy delivers personalized experiences that empower organizations to scale workforce development and help individuals build the technical, business, and soft skills most relevant to their careers.
Today, thousands of companies, including Ericsson, Samsung SDS America, On24, The World Bank, and Volkswagen, rely on Udemy Business for its enterprise solutions to build agile, future-ready teams. Udemy is headquartered in San Francisco, with hubs across the United States, Australia, India, Ireland, Mexico, and Türkiye.
