8-K filed April 16, 2026, 7:59 PM ET ticker LINC CIK 0001286613

debt confidence high sentiment positive materiality 0.75

Lincoln Educational expands revolving credit facility to $125M from $60M

LINCOLN EDUCATIONAL SERVICES CORP

New $125M credit facility replaces prior $60M agreement; includes $10M LC sublimit and $25M accordion feature.
Facility matures on April 11, 2031; proceeds support working capital and growth initiatives.
CEO cites Q1 2026 student start growth of 19-20% as evidence of demand and strategy execution.
Interest rates based on SOFR or Prime plus margins from 1.50%-2.25% (SOFR) or 0.50%-1.25% (Prime), determined by Total Leverage Ratio.
Facility guaranteed by subsidiaries and secured by first-priority lien on substantially all personal property.

item 1.01 item 2.03 item 8.01 item 9.01

Machine-readable event card

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ticker: LINC
cik: 0001286613
company_name: LINCOLN EDUCATIONAL SERVICES CORP
filed_at: 2026-04-16T23:59:59+00:00
discovered_at: 2026-05-14T18:02:32.090529+00:00
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Source-grounded claims

5faa9663553def09486e6a83de720e2b268c508a

LINCOLN EDUCATIONAL SERVICES CORP incurred revolving credit of $125 million with Fifth Third Bank, National Association at Tranche Rate (SOFR) plus 1.50% to 2.25% or Base Rate plus 0.50% to 1.25% maturing April 11, 2031.

The Credit Agreement, which amends and restates the Existing Credit Agreement, provides the Company, as borrower, with a revolving credit facility in the aggregate principal amount of $125 million

SEC 8-K Item 2.03/2.04 confidence 0.9 SEC evidence

d9a207ee520b485beec7da5cbaac85192f9d2dc4

LINCOLN EDUCATIONAL SERVICES CORP entered into Credit Agreement with Fifth Third Bank, National Association, Flagstar Bank, N.A., Provident Bank and Santander Bank, N.A. valued at $125 million (effective 2026-04-13).

On April 13, 2026, Lincoln Educational Services Corporation and its subsidiaries (the “Company”) entered into an amended and restated credit agreement (the “Credit Agreement”) with the lenders referred to therein (the “Lenders”), including Fifth Third Bank, National Association, as lender and as administrative agent, joint lead arranger, and joint bookrunner (the “Agent”), and Flagstar Bank, N.A., Provident Bank and Santander Bank, N.A., as lenders and as joint lead arrangers and joint bookrunners.

SEC 8-K Item 1.01/1.02 confidence 0.9 SEC evidence

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same fact type: debt_financing, material_agreement same SEC item: 1.01, 2.03, 8.01, 9.01 same event type: debt similar materiality

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The Credit Agreement, which amends and restates the Existing Credit Agreement, provides the Company, as borrower, with a revolving credit facility in the aggregate principal amount of $125 million

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On May 8, 2026, Knight-Swift Transportation Holdings Inc. (the "Company") completed its previously announced private offering (the "Offering") of $1.5 billion aggregate principal amount of 1.00% Convertible Senior Notes due 2031

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The Credit Agreement, which amends and restates the Existing Credit Agreement, provides the Company, as borrower, with a revolving credit facility in the aggregate principal amount of $125 million

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On May 7, 2026, ProPetro Holding Corp. (the “ Company ”), issued $690 million aggregate principal amount of its 0.00% Convertible Senior Notes due 2031

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The Credit Agreement, which amends and restates the Existing Credit Agreement, provides the Company, as borrower, with a revolving credit facility in the aggregate principal amount of $125 million

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The Amendment provides for, among other things, a new tranche of term loans under the Credit Agreement in an aggregate original principal amount of $868,522,978.38 (the “New Term Loans”), which New Term Loans replace or refinance in full all of the existing term loans outstanding under the Credit Agreement (as in effect immediately prior to the Amendment), as further set forth in the Amendment. The New Term Loans mature on December 6, 2030.

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The Credit Agreement, which amends and restates the Existing Credit Agreement, provides the Company, as borrower, with a revolving credit facility in the aggregate principal amount of $125 million

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The Credit Agreement, which amends and restates the Existing Credit Agreement, provides the Company, as borrower, with a revolving credit facility in the aggregate principal amount of $125 million

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The Seventh Amendment (i) terminated the Initial Revolving Credit Commitments and simultaneously replaced them in their entirety with Extended Revolving Credit Commitments having a Maturity Date of May 7, 2029, (ii) decreased the interest rate margin applicable to the Revolving Credit Loans from margins ranging from 175 basis points to 275 basis points (subject to leverage ratio step-downs) to margins ranging from 125 basis points to 225 basis points (subject to leverage ratio step-downs)

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The Credit Agreement, which amends and restates the Existing Credit Agreement, provides the Company, as borrower, with a revolving credit facility in the aggregate principal amount of $125 million

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same fact type: debt_financing, material_agreement same SEC item: 1.01, 2.03, 9.01 same event type: debt similar materiality

This filing

The Credit Agreement, which amends and restates the Existing Credit Agreement, provides the Company, as borrower, with a revolving credit facility in the aggregate principal amount of $125 million

Comparable filing

The issuance of the Notes in the aggregate original principal amount of $2,500,000 constitutes the creation of a direct financial obligation of the Company. The Notes bear interest at 12.0% per annum, mature on February 4, 2027

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same fact type: debt_financing, material_agreement same SEC item: 1.01, 2.03, 9.01 same event type: debt similar materiality

This filing

The Credit Agreement, which amends and restates the Existing Credit Agreement, provides the Company, as borrower, with a revolving credit facility in the aggregate principal amount of $125 million

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On May 7, 2026, Ocugen, Inc. (the “Company”) completed its previously announced private offering (the “offering”) of $115.0 million aggregate principal amount of 6.75% Convertible Senior Notes due 2034 (the “notes”).

Filing page SEC filing

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