Strayer Education, Inc. Announces Prepayment of Term Loan and Extension of Revolving Credit Facility

Strayer Education, Inc.

today announced that on July 2, 2015, it prepaid the outstanding principal balance of its term loan facility, and amended its existing credit agreement dated November 8, 2012. The amendment extends the maturity date of the revolving credit facility from December 31, 2016 to July 2, 2020, and increases available borrowings from $100 million to $150 million, with an option to increase the commitments under the revolving facility by an additional $50 million. Currently, there are no outstanding borrowings under the amended credit facility. Additional information is available in the Company's current report on Form 8-K filed with the SEC today.