Education Management increases revolver size to $388.5 million

By Sara Rosenberg

New York, Aug. 27 - Education Management LLC upsized its revolving credit facility to $388.5 million, according to a 10-K filed with the Securities and Exchange Commission on Thursday.

In addition, the amount available for letters of credit under the revolver was raised to $375 million from $175 million.

The upsizings were done through an agreement with two new issuing banks.

Education Management is a Pittsburgh-based provider of private post-secondary education.

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