---
schema_version: "secwatch.filing_event.v1"
accession: "0000950142-25-002961"
form_type: "8-K"
ticker: "PXED"
cik: "0001600222"
company_name: "Phoenix Education Partners, Inc."
filed_at: "2025-11-13T23:59:59+00:00"
generated_at: "2026-05-16T20:22:30.536091+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950142-25-002961
- form_type: 8-K
- ticker: PXED
- cik: 0001600222
- company_name: Phoenix Education Partners, Inc.
- filed_at: 2025-11-13T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1600222/000095014225002961/0000950142-25-002961-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1600222/000095014225002961/eh250704660_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-25-002961
- JSON: https://secwatch.observer/filing/0000950142-25-002961.json
- Plain text: https://secwatch.observer/filing/0000950142-25-002961.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.