Grand Canyon Education receives notice of early repayment of $469.9M secured note from GCU

Grand Canyon Education, Inc.

GCU to repay remaining $469.9M of secured note on or around December 9, 2021.
Note originally issued July 1, 2018 in connection with GCU's acquisition from the Company.
Company will release trust obligation from GCU's initial $500M payment on Oct 29, 2021.
Repayment represents full satisfaction of the secured note.

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