Lincoln Educational Boosts Credit Facility to $125M

Lincoln Educational Services Corporation entered into an amended and restated credit agreement, significantly increasing its revolving credit facility from $60 million to $125 million. This new facility, which matures in April 2031, includes a $10 million letter of credit sublimit and a $25 million accordion feature. The proceeds are designated for working capital, general corporate, and other permitted purposes, providing the company with enhanced financial flexibility and liquidity.