Udemy, a leading AI-powered skills development platform with nearly 80 million users globally, announced the closing of a new $200 million senior secured revolving credit facility. Udemy entered into the Ffcility with a lending syndicate that includes Citibank as Administrative Agent, MUFG Bank as Joint Lead Arranger, JPMorgan Chase Bank, and Morgan Stanley Senior Funding. 

The 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.

“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.”