Aspen Group, Inc. Amends and Extends Debt Agreement with JGB Management Inc

Published: 2026-05-11 13:35:43 ET ASPU

Published on 05/11/2026 at 01:35 pm EDT

Aspen Group, Inc. announced it entered into a Seventh Amendment to its 15% Senior Secured Debentures with JGB Management Inc. Under the amendment, among other things, the maturity date of the debentures is extended by one year, from May 13, 2026 to May 13, 2027. In addition, beginning July 31, 2026, the quarterly principal amortization payments are reduced from $500,000 to $350,000. The next quarterly principal payment is due on July 31, 2026.

The amendment is intended to provide AGI with additional financial flexibility as the Company continues to focus on growing university enrollments, sustaining operating cash flow, and strengthening its balance sheet. The lower quarterly amortization payments are expected to support increased investment in marketing initiatives and other strategic growth priorities.