Perdoceo Education amends credit facility: maturity to 2027, prime floor lowered to 3%

PERDOCEO EDUCATION Corp

Maturity extended to January 31, 2027; Prime rate floor lowered from 4% to 3%.
Valley National Bancorp added as lender, replacing BMO Bank N.A.
$125M senior secured revolving credit facility unchanged; no loans drawn as of Jan 22, 2024.
Minimum domestic cash covenant of $156.25M remains in effect.

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