---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-21-047683"
form_type: "8-K"
ticker: "PRDO"
cik: "0001046568"
company_name: "PERDOCEO EDUCATION Corp"
filed_at: "2021-09-13T23:59:59+00:00"
generated_at: "2026-06-29T04:03:35.924099+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Perdoceo Education enters $125M senior secured revolving credit facility with Wintrust Bank

## Summary
- New $125M senior secured revolving credit facility replaces prior $50M facility maturing Jan 2022.
- Facility matures Sept 8, 2024; allows up to $50M increase in commitments.
- No revolving loans drawn at closing; certain letters of credit rolled over from prior facility.
- Interest at prime minus 1% (floor 4%); secured by substantially all assets and minimum domestic cash of $156.25M.
- Borrower and guarantors must maintain at least $156.25M domestic cash at all times.

## SEC filing metadata
- accession: 0001564590-21-047683
- form_type: 8-K
- ticker: PRDO
- cik: 0001046568
- company_name: PERDOCEO EDUCATION Corp
- filed_at: 2021-09-13T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1046568/000156459021047683/0001564590-21-047683-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1046568/000156459021047683/prdo-8k_20210908.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-21-047683
- JSON: https://secwatch.observer/filing/0001564590-21-047683.json
- Plain text: https://secwatch.observer/filing/0001564590-21-047683.txt

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