---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-012975"
form_type: "8-K"
ticker: "PRDO"
cik: "0001046568"
company_name: "PERDOCEO EDUCATION Corp"
filed_at: "2024-01-23T23:59:59+00:00"
generated_at: "2026-06-06T19:46:07.838127+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-012975
- form_type: 8-K
- ticker: PRDO
- cik: 0001046568
- company_name: PERDOCEO EDUCATION Corp
- filed_at: 2024-01-23T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1046568/000119312524012975/0001193125-24-012975-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1046568/000119312524012975/d727165d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-012975
- JSON: https://secwatch.observer/filing/0001193125-24-012975.json
- Plain text: https://secwatch.observer/filing/0001193125-24-012975.txt

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