Grand Canyon Education enters USD 100 million five-year revolving credit facility with Zions Bancorporation unit

By Public Technologies
  • Grand Canyon Education entered a $100 million five-year senior secured revolving credit facility on Sept. 28, 2026.
  • Zions Bancorporation’s National Bank of Arizona serves as administrative agent and lead arranger; facility includes a $10 million letter-of-credit sublimit.
  • Borrowings are intended mainly for common stock repurchases, with remaining capacity available for general corporate purposes.
  • Pricing is 1-month Term SOFR plus 1.50% to 2.00%, tied to leverage; commitments can expand by up to $100 million.
  • Orbis Education guarantees the obligations; collateral covers substantially all personal property, with covenants capping leverage at 2.00x.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Grand Canyon Education Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-112835), on October 01, 2026, and is solely responsible for the information contained therein.

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