{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-24-013107","form_type":"8-K","ticker":"LOPE","cik":"0001434588","company_name":"Grand Canyon Education, Inc.","filed_at":"2024-10-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:08.442277+00:00","generated_at":"2026-05-30T23:14:47.536092+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"GCE pledges $200M cash to secure GCU's $500M bank loans; GCU refinances 2021 bonds","bullets":["GCU borrowed $500M from MidFirst Bank and NBAZ; proceeds refinance 2021 bonds.","GCE pledged $200M of its cash ($100M per bank) as collateral for GCU's loans.","MidFirst loan matures Oct 1, 2026; NBAZ loan matures Apr 1, 2025.","GCU must indemnify GCE for losses under the pledge, excluding gross negligence.","Pledge agreements terminate when GCU repays or substitutes its own collateral."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-24-013107","json":"https://secwatch.observer/filing/0001558370-24-013107.json","markdown":"https://secwatch.observer/filing/0001558370-24-013107.md","text":"https://secwatch.observer/filing/0001558370-24-013107.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1434588/000155837024013107/0001558370-24-013107-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1434588/000155837024013107/lope-20241001x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T23:14:47.536092+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}