LOAN AGREEMENT
Signed Jul 7, 2026
- Committed
- $15m
- Matures
- n/a
- Agent
- PROVIDENT BANK
| Tranche | Size | Matures | Margin |
|---|---|---|---|
| Term Loan A | $15m | n/a | n/a |
Lenders: PROVIDENT BANK
LINCOLN EDUCATIONAL SERVICES CORP
$15m committed across 1 active facility, next covenant test Sep 30, 2026. LINC
Recent changes
Total leverage: when the limit steps, and which way the company's ratio has been moving.
CovenantTestedHeadroomLimit now
Tested quarterly78.5%ratio 0.43x, estimated, vs 2.00x limit in force at Jun 30, 20262.00x
The Total Leverage Ratio, as of the end of any Fiscal Quarter shall not be greater than 2.00 to 1.00Read the filing on sec.gov ↗
Tested quarterly428.3%ratio 15.85x, estimated, vs 3.00x limit in force at Jun 30, 20263.00x
The Consolidated Interest Coverage Ratio, as of the end of any Fiscal Quarter shall not be less than 3.00 to 1.00Read the filing on sec.gov ↗
Tested otherHeadroom not yet measured$25m
Total Liquidity shall at all times exceed $25,000,000.Read the filing on sec.gov ↗
No amendments on file yet.
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