{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-25-008110","form_type":"8-K","ticker":"LINC","cik":"0001286613","company_name":"LINCOLN EDUCATIONAL SERVICES CORP","filed_at":"2025-03-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:03.189183+00:00","generated_at":"2026-05-24T23:15:51.646441+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Lincoln Educational expands credit facility to $60M, extends maturity to 2028","bullets":["Credit facility increased from $40M to $60M with Fifth Third Bank.","Maturity extended from Feb 2027 to March 7, 2028; accordion feature raised to $25M.","Proceeds for working capital, general corporate, and growth initiatives.","Financial covenants replaced as part of amendment; other terms unchanged.","CEO Scott Shaw states robust balance sheet and increased liquidity support long-term objectives."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-25-008110","json":"https://secwatch.observer/filing/0001140361-25-008110.json","markdown":"https://secwatch.observer/filing/0001140361-25-008110.md","text":"https://secwatch.observer/filing/0001140361-25-008110.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1286613/000114036125008110/0001140361-25-008110-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1286613/000114036125008110/ef20045281_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T23:15:51.646441+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":[{"claim_id":"850d813ca02c85e3017c6a543f82bb4947108f25","claim":"LINCOLN EDUCATIONAL SERVICES CORP amended credit facility of $40 million to $60 million with Fifth Third Bank, National Association maturing March 7, 2028.","evidence_excerpt":"The Amendment effects certain modifications to the Credit Agreement including, among other things: (i) to increase the size of the Facility, including the aggregate principal amount from $40 million to $60 million and the accordion feature from $20 million to $25 million, (ii) to extend the term of the Facility to March 7, 2028","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1286613/000114036125008110/0001140361-25-008110-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$40 million to $60 million"},{"label":"Counterparty","value":"Fifth Third Bank, National Association"},{"label":"Maturity","value":"March 7, 2028"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}