Business
American Public Education, Inc. Completes Refinancing with New $130 Million Senior Secured Credit Facility
American Public Education, Inc. (the "Company") (Nasdaq: APEI), a company that transforms lives, advances careers, and improves communities by providing online and campus-based postsecondary education to approximately 109,000 students, today announced that it has completed a comprehensive refinancing and entered into a new five-year, $130.0 million senior secured credit facility consisting of a $90.0 million senior secured term loan and a $40.0 million senior secured revolving credit facility (t
About this update from American Public Education, Inc.
[{"type":"text","content":"~ Proactive Step, Strengthens Liquidity, Reduces Borrowing Costs by ~$3.7 Million While Accelerating Growth ~","length":109,"tagName":"p","attribs":{}},{"type":"text","content":"CHARLES TOWN, W.Va., March 12, 2026 /PRNewswire/ -- American Public Education, Inc. (the "Company") (Nasdaq: APEI), a company that transforms lives, advances careers, and improves communities by providing online and campus-based postsecondary education to approximately 109,000 students, today announced that it has completed a comprehensive refinancing and entered into a new five-year, $130.0 million senior secured credit facility consisting of a $90.0 million senior secured term loan and a $40.0 million senior secured revolving credit facility (the "New Facility"). The New Facility reduces the Company's borrowing spread by 375 basis points based on current leverage levels and is expected to generate approximately $3.7 million in annual interest savings while strengthening APEI's balance sheet and providing increased financial flexibility to invest in its growth strategy.","length":911,"tagName":"p"},{"type":"image","alt":"American Public Education, Inc. (PRNewsfoto/American Public Education, Inc.)","displaySize":"","headline":null,"caption":"American Public Education, Inc. (PRNewsfoto/American Public Education, Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":97,"url":"https://media.zenfs.com/en/prnewswire.com/8507fb3ffe7ba80647cc126027f613d9"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/hHfdWx.vERxlSWLQKIGKTQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE3MTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/8507fb3ffe7ba80647cc126027f613d9","width":400,"height":97}},"href":"https://mma.prnewswire.com/media/2865378/APEI_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The new Credit Agreement was entered into with PNC Bank, National Association, as administrative agent and collateral agent, PNC Capital Markets LLC, as joint lead arranger and sole bookrunner, M&T Bank, N.A. as a joint lead arranger, and a syndicate of lenders (collectively, the "Lenders").","length":306,"tagName":"p"},{"type":"text","content":"The New Facility is scheduled to mature on March 9, 2031, and borrowings thereunder are subject to a revolver commitment fee ranging from ...