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Lincoln Educational Services Announces Increase of Credit Facility to $125 Million to Support Growth Initiatives
Enhanced liquidity and a strong balance sheet provide a solid foundation for sustained growth and long-term success PARSIPPANY, N.J., April 15, 2026 (GLOBE
About this update from Lincoln Educational Services Corporation
[{"type":"text","content":"Enhanced liquidity and a strong balance sheet provide a solid foundation for sustained growth and long-term success\nPARSIPPANY, N.J., April 15, 2026 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (Nasdaq: LINC) today announced that it has entered into an amended and restated revolving credit facility with Fifth Third Bank, National Association, as lender and as administrative agent, joint lead arranger, joint bookrunner, and Flagstar Bank, N.A., Provident Bank, and Santander Bank, N.A., as lenders and as joint lead arrangers and joint bookrunners. The credit facility, which amends and restates the Company’s prior credit facility with Fifth Third Bank, increases the aggregate principal amount from $60 million to $125 million, with a $10 million letter of credit sublimit and a $25 million accordion feature. The $65 million of additional available liquidity provided by the amended and restated credit facility enhances the Company’s financial flexibility to execute its growth initiatives and meet its long-term operating objectives. The credit facility has a term of five years and matures on April 11, 2031. \"The amended and restated revolving credit facility, along with our strong balance sheet and robust cash flow, provides Lincoln with ample financial flexibility to achieve our long-term growth objectives,\" said Scott M. Shaw, President and Chief Executive Officer. \"The 19-20% student start growth that we previously announced for the first quarter of 2026 clearly demonstrates the interest in our programs and the successful execution of our growth strategy. We remain focused on delivering value to all our key stakeholders, and we believe the increased liquidity and strategic investments will enable us to achieve sustained long-term success.” Additional information regarding the terms of the amended and restated credit facility is contained in a Current Report on Form 8-K filed with the SEC. ABOUT LINCOLN EDUCATIONAL SERVICES CORPORATION Lincoln Educational Services Corporation is a leading provider of diversified career-oriented postsecondary education. Lincoln offers recent high school graduates and working adults career-oriented programs in skilled trades, automotive technology, health sciences and information technology. Lincoln has provided the workforce with skilled technicians since its inception in 1946. Lin...