---
schema_version: "secwatch.filing_event.v1"
accession: "0001553350-21-000778"
form_type: "8-K"
ticker: "ASPU"
cik: "0001487198"
company_name: "ASPEN GROUP, INC."
filed_at: "2021-09-03T23:59:59+00:00"
generated_at: "2026-06-29T05:48:11.420943+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Aspen Group amends credit facility, extends maturity to Nov 2022, borrows $5M at 12%

## Summary
- Extended $5M revolving credit facility maturity from March 2019 to November 4, 2022.
- Borrowed full $5M on Sept 1, 2021; interest rate 12% per annum payable monthly.
- Issued warrants to lender for 50,000 shares at $5.85 per share, exercisable for 5 years.
- Loan secured by deposit accounts, receivables of Aspen University and U.S. University, and subsidiary stock.

## SEC filing metadata
- accession: 0001553350-21-000778
- form_type: 8-K
- ticker: ASPU
- cik: 0001487198
- company_name: ASPEN GROUP, INC.
- filed_at: 2021-09-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1487198/000155335021000778/0001553350-21-000778-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1487198/000155335021000778/aspu_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001553350-21-000778
- JSON: https://secwatch.observer/filing/0001553350-21-000778.json
- Plain text: https://secwatch.observer/filing/0001553350-21-000778.txt

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