Lincoln Educational Services Ups Credit Facility to $125M

Lincoln Educational Services Corporation has entered into an amended and restated revolving credit facility, increasing its aggregate principal amount from $60 million to $125 million. This $65 million increase in available liquidity enhances the company's financial flexibility to pursue growth initiatives and meet long-term operating objectives. The facility has a five-year term, maturing in April 2031, and includes a $10 million letter of credit sublimit and a $25 million accordion feature.