Lincoln Educational Services Announces New $40 Million Revolving Credit Facility Increasing Capital Resource Flexibility [Yahoo! Finance]
Lincoln Educational Services Corporation (LINC)
Last lincoln educational services corporation earnings: 2/26 08:00 am
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US:NASDAQ Investor Relations:
investors.lincolneducationalservices.com/investor-overview
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Source: Yahoo! Finance
a $40 million revolving credit facility with Fifth Third Bank. The credit agreement, which has a term of 36 months and matures on February 16, 2027, is for an aggregate principal amount of $40 million, including a $10 million sublimit for letters of credit and an additional accordion option to upsize the credit facility by an additional $20 million upon satisfaction of certain terms and conditions. The proceeds may be used for working capital, general corporate purposes and to support the Company's strategic growth initiatives, including program and campus expansions. “This new revolving credit facility, complemented with an already robust balance sheet, enhances additional financial resources to execute our near- and longer-term growth initiatives,” commented Scott Shaw, Lincoln's President & CEO. “We remain committed to our students and the proceeds from this credit facility will allow Lincoln greater financial flexibility to continue delivering positive student experiences. With
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News
- We Think The Compensation For Lincoln Educational Services Corporation's (NASDAQ:LINC) CEO Looks About Right [Yahoo! Finance]Yahoo! Finance
- Lincoln Educational Services Corporation Schedules First Quarter Earnings Release and Conference Call [Yahoo! Finance]Yahoo! Finance
- Lincoln Educational Services Corporation Schedules First Quarter Earnings Release and Conference CallGlobeNewswire
- Maryland CareerQuest Connects Area Students with Training and Education Opportunities for Hands-On Careers [Yahoo! Finance]Yahoo! Finance
- Maryland CareerQuest Connects Area Students with Training and Education Opportunities for Hands-On CareersGlobeNewswire
LINC
Earnings
- 2/26/24 - Miss
LINC
Sec Filings
- 4/3/24 - Form DEF
- 3/19/24 - Form 8-K
- 3/15/24 - Form 8-K
- LINC's page on the SEC website