Phoenix Education Partners Inc. has entered into a new Revolving Credit Agreement with a group of lenders and issuing banks, with Morgan Stanley Senior Funding, Inc. acting as the administrative agent. The agreement establishes a senior secured revolving credit facility totaling $100 million, which can be used for general corporate purposes, including letters of credit, by the company and its subsidiaries. The facility matures on November 13, 2030. Borrowings under the facility will accrue interest at either a term Secured Overnight Financing Rate $(SOFR)$ plus a 2.50% margin, or a base rate with a 1.00% floor, at the company's option. The agreement also includes various financial and operational covenants, including a maximum net first lien leverage ratio requirement, and allows voluntary prepayments without penalty prior to maturity.