{"id":951754,"date":"2026-04-15T15:39:03","date_gmt":"2026-04-15T19:39:03","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/lincoln-educational-services-announces-increase-of-credit-facility-to-125-million-to-support-growth-initiatives\/"},"modified":"2026-04-15T15:39:03","modified_gmt":"2026-04-15T19:39:03","slug":"lincoln-educational-services-announces-increase-of-credit-facility-to-125-million-to-support-growth-initiatives","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lincoln-educational-services-announces-increase-of-credit-facility-to-125-million-to-support-growth-initiatives\/","title":{"rendered":"Lincoln Educational Services Announces Increase of Credit Facility to $125 Million to Support Growth Initiatives"},"content":{"rendered":"<h2>\nEnhanced liquidity and a strong balance sheet provide a solid foundation for sustained growth and long-term success<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"justify\">PARSIPPANY, N.J., April  15, 2026  (GLOBE NEWSWIRE) &#8212; 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\u2019s 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\u2019s 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.<\/p>\n<p align=\"justify\">&#8220;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,&#8221; said Scott M. Shaw, President and Chief Executive Officer. &#8220;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.\u201d<\/p>\n<p align=\"justify\">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.<\/p>\n<p>\n        <strong>ABOUT LINCOLN EDUCATIONAL SERVICES CORPORATION<\/strong>\n      <\/p>\n<p>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.<\/p>\n<p>Lincoln currently operates 22 campuses in 12 states under 3 brands: Lincoln College of Technology, Lincoln Technical Institute and Nashville Auto Diesel College.<\/p>\n<p>\n        <strong>FORWARD-LOOKING STATEMENTS<\/strong>\n      <\/p>\n<p align=\"justify\">\n        <em>Statements in this press release and in oral statements made from time to time by representatives of Lincoln Educational Services Corporation regarding Lincoln\u2019s business that are not historical facts, including those made in a conference call, may be \u201cforward-looking statements\u201d as that term is defined in the federal securities law. The words \u201cmay,\u201d \u201cwill,\u201d \u201cexpect,\u201d \u201cbelieve,\u201d \u201canticipate,\u201d \u201cproject,\u201d \u201cplan,\u201d \u201cintend,\u201d \u201cestimate,\u201d and \u201ccontinue,\u201d and their opposites and similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on information available at the time those statements are made and\/or management\u2019s good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. Generally, these statements relate to business plans or strategies and projections involving anticipated revenues, earnings, or other aspects of the Company\u2019s operating results. The Company cautions you that these statements concern current expectations about the Company\u2019s future performance or events and are subject to a number of uncertainties, risks, and other influences, many of which are beyond the Company\u2019s control, that may influence the accuracy of the statements and the projections upon which the statements are based including, without limitation, impacts related to epidemics or pandemics; our failure to comply with the extensive regulatory framework applicable to our industry or our failure to obtain timely regulatory approvals in connection with acquisitions or a change of control of our Company; our success in updating and expanding the content of existing programs and developing new programs for our students in a cost-effective manner or on a timely basis; risks associated with cybersecurity; risks associated with changes in applicable federal laws and regulations; uncertainties regarding our ability to comply with federal laws and regulations, such as the 90\/10 rule and prescribed cohort default rates; risks associated with the opening of new campuses; risks associated with integration of acquired schools; industry competition; our ability to execute our growth strategies; conditions and trends in our industry; general economic conditions; and other factors discussed in the \u201cRisk Factors\u201d section of our Annual Reports and Quarterly Reports filed with the Securities and Exchange Commission. All forward-looking statements are qualified in their entirety by this cautionary statement, and Lincoln undertakes no obligation to publicly revise or update any forward-looking statements, whether as a result of new information, future events or otherwise after the date hereof.<\/em>\n      <\/p>\n<p>For further information, please contact:<\/p>\n<p>Brian Meyers<br \/>Chief Financial Officer<br \/>Lincoln Educational Services Corporation<br \/>973-736-9340<br \/><u>bmeyers@lincolntech.edu<br \/><\/u>For more information, go to www.lincolntech.edu.<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY5MDczNSM3NTM3Njc2IzIwODE1NTI=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/YWZiOGE2MzktZGUyNy00MDI3LTg2MGQtMTM1ZDUyYjA1MDYwLTEwOTMxMjMtMjAyNi0wNC0xNS1lbg==\/tiny\/Lincoln-Educational-Services-C.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>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 NEWSWIRE) &#8212; 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\u2019s 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 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lincoln-educational-services-announces-increase-of-credit-facility-to-125-million-to-support-growth-initiatives\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Lincoln Educational Services Announces Increase of Credit Facility to $125 Million to Support Growth Initiatives&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-951754","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Lincoln Educational Services Announces Increase of Credit Facility to $125 Million to Support Growth Initiatives - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lincoln-educational-services-announces-increase-of-credit-facility-to-125-million-to-support-growth-initiatives\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lincoln Educational Services Announces Increase of Credit Facility to $125 Million to Support Growth Initiatives - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"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 NEWSWIRE) &#8212; 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\u2019s 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 &hellip; Continue reading &quot;Lincoln Educational Services Announces Increase of Credit Facility to $125 Million to Support Growth Initiatives&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/lincoln-educational-services-announces-increase-of-credit-facility-to-125-million-to-support-growth-initiatives\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-15T19:39:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY5MDczNSM3NTM3Njc2IzIwODE1NTI=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lincoln-educational-services-announces-increase-of-credit-facility-to-125-million-to-support-growth-initiatives\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lincoln-educational-services-announces-increase-of-credit-facility-to-125-million-to-support-growth-initiatives\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Lincoln Educational Services Announces Increase of Credit Facility to $125 Million to Support Growth Initiatives\",\"datePublished\":\"2026-04-15T19:39:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lincoln-educational-services-announces-increase-of-credit-facility-to-125-million-to-support-growth-initiatives\\\/\"},\"wordCount\":847,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lincoln-educational-services-announces-increase-of-credit-facility-to-125-million-to-support-growth-initiatives\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTY5MDczNSM3NTM3Njc2IzIwODE1NTI=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lincoln-educational-services-announces-increase-of-credit-facility-to-125-million-to-support-growth-initiatives\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lincoln-educational-services-announces-increase-of-credit-facility-to-125-million-to-support-growth-initiatives\\\/\",\"name\":\"Lincoln Educational Services Announces Increase of Credit Facility to $125 Million to Support Growth Initiatives - 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