GCE cash collateral released after GCU refinances $500M loans with $520M bond

Grand Canyon Education, Inc.

GCU completed $520M bond financing on Dec 5, 2024.
Bond proceeds repaid $500M loans from MidFirst Bank and Zions Bancorporation.
GCE's $200M total cash collateral under two Pledge Agreements was released.
Pledge Agreements terminated; GCE has no further obligations under them.

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