Financial Wire

Lincoln Educational Services Enters Amended, Restated Credit Facility

-- Lincoln Educational Services (LINC) said Wednesday it has entered into an amended and restated revolving credit facility, providing $65 million of additional available liquidity.

The amendment boosts the aggregate principal amount to $125 million from $60 million, with a $10 million letter of credit sublimit and a $25 million accordion feature, the company said.

The credit facility has a term of five years and matures on April 11, 2031, the company added.

Price: $40.04, Change: $+0.20, Percent Change: +0.50%

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