-60% p.a.
bt_headshoulder_sharpeopt_mixed
Introduction to our strategy no description yet Quick Summary Metric Value Return % p.a. -60 Days active 408 …
tickers: HESG
source: Benzinga
tickers affected by this
| ticker | polarity | why? |
|---|---|---|
| HESG | positively | The announcement of expanding the credit facility to $60 million, extending the maturity date to 2028 and enhancing the accordion feature from $20 million to $25 million will likely result in a positive outlook for the company’s stock HESG, as a better financial outlook creates year ahead confidence of a growth trajectory. |
our strategies and bots using these tickers
None so far…
summary
Lincoln Educational Services Expands Credit Facility to Support Growth Initiatives
PARSIPPANY, N.J., March 11, 2025 — Lincoln Educational Services Corporation (LINC) has announced a significant amendment to its secured credit agreement with Fifth Third Bank, National Association. The aggregate principal borrowing amount has been increased from $40 million to $60 million. This enhancement provides the company with greater financial flexibility and additional liquidity to pursue its growth initiatives and meet long-term operating objectives. The maturity date of the agreement has been extended through March 7, 2028. Additionally, the accordion feature of the agreement has been expanded from $20 million to $25 million. This expansion further strengthens the company’s ability to pursue growth opportunities. Scott M. Shaw, President and Chief Executive Officer of Lincoln Educational Services Corporation, commented on the amendment. “We currently have a robust balance sheet. However, this amendment provides additional financial flexibility and ensures we can achieve our long-term growth objectives,” Shaw said. “We remain focused on delivering value to our key stakeholders, and we believe the increased liquidity and strategic investments will enable us to achieve sustained long-term success.” Lincoln Educational Services Corporation is a leading provider of diversified career-oriented post-secondary education. The company offers programs in five principal areas of study: automotive technology, health sciences, skilled trades, business and information technology, and hospitality services. With 21 campuses in 12 states, Lincoln has been providing skilled technicians since its inception in 1946. The company cautions that forward-looking statements 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. These uncertainties include impacts related to epidemics or pandemics, regulatory compliance, cybersecurity risks, changes in federal laws and regulations, industry competition, and general economic conditions.
