Phoenix Education Partners secures $100M revolving credit facility due 2030

Phoenix Education Partners, Inc.

Senior secured revolving credit facility of $100 million, maturing November 13, 2030.
Interest at SOFR plus 2.50% or base rate plus 1.50%; commitment fee 0.375% on undrawn amounts.
Proceeds for general corporate purposes, including letters of credit; Morgan Stanley Senior Funding as admin agent.
Covenants include max net first lien leverage ratio of 2.50:1 if funded loans exceed 35% of commitments.
Guaranteed by material domestic subsidiaries; secured by substantially all assets.

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