{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-24-033834","form_type":"8-K","ticker":"LINC","cik":"0001286613","company_name":"LINCOLN EDUCATIONAL SERVICES CORP","filed_at":"2024-07-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:12.472730+00:00","generated_at":"2026-05-31T17:51:29.463500+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"Lincoln Educational amends credit agreement, clarifies covenants and events of default","bullets":["Amended $40M revolving credit facility with Fifth Third Bank; effective June 28, 2024.","Removed Financial Responsibility Composite Ratio covenant; added default trigger for 33% quarterly revenue decline.","Added reporting requirement for revenue-impact events within 5 business days.","Original facility maturity Feb 16, 2027 unchanged; no change in size or pricing.","Amendments also clarify representations, conditions to advances, and reaffirm liens."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-24-033834","json":"https://secwatch.observer/filing/0001140361-24-033834.json","markdown":"https://secwatch.observer/filing/0001140361-24-033834.md","text":"https://secwatch.observer/filing/0001140361-24-033834.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1286613/000114036124033834/0001140361-24-033834-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1286613/000114036124033834/ef20032881_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T17:51:29.463500+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}