secwatch.observer — SEC 8-K summary
======================================

Issuer:     PERDOCEO EDUCATION Corp (PRDO)
CIK:        0001046568
Form:       8-K
Filed at:   2024-01-23T23:59:59+00:00
Accession:  0001193125-24-012975
Event type: debt
Sentiment:  positive
Materiality: 0.35
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1046568/000119312524012975/0001193125-24-012975-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1046568/000119312524012975/d727165d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-012975

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer