---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-016051"
form_type: "8-K"
ticker: "LOPE"
cik: "0001434588"
company_name: "Grand Canyon Education, Inc."
filed_at: "2024-12-05T23:59:59+00:00"
generated_at: "2026-05-29T07:11:51.865478+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-24-016051
- form_type: 8-K
- ticker: LOPE
- cik: 0001434588
- company_name: Grand Canyon Education, Inc.
- filed_at: 2024-12-05T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1434588/000155837024016051/0001558370-24-016051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1434588/000155837024016051/lope-20241205x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-016051
- JSON: https://secwatch.observer/filing/0001558370-24-016051.json
- Plain text: https://secwatch.observer/filing/0001558370-24-016051.txt

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