Capella Education Company Enters into an Amended and Restated Revolving Credit Agreement

Capella Education Company (CPLA), a provider of online post-secondary education, primarily through its wholly owned subsidiary Capella University, today announced that it has entered into an amended and restated revolving credit agreement. The amended credit agreement continues to provide $100 million of borrowing capacity, with a conditional increase option of an additional $50 million. The agreement has a term of five years ending Dec. 18, 2020 and replaces the previous five year agreement scheduled to expire Sept. 30, 2016.

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