ESI Group: Results for the 1st Half of 2015
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ITT Educational Services (ESI) Receives CID from DoJ; Amends Financing Agreement with Cerberus
September 21, 2015 5:09 PM EDTITT Educational Services (NYSE: ESI) disclosed the following on Monday:
On September 18, 2015, ITT Educational Services, Inc. (the Company) entered into Amendment No. 3 to Financing Agreement (the Financing Agreement Amendment) with Cerberus Business Finance, LLC (Cerberus), as collateral agent and administrative agent, and the lenders party thereto. The Financing Agreement Amendment provides for an amendment to the Financing Agreement, dated as of December 4, 2014, as amended on December 23, 2014 and March 17, 2015 (the Financing Agreement), by and among the Company, the subsidiary guarantors party thereto, Cerberus and the lenders party thereto.
The Financing Agreement Amendment provides for an amendment... More
