American Public Education, Inc. Finalizes Complete Redemption of Series A Preferred Stock and Capital Updates

American Public Education, Inc. Completes Full Redemption of Its Series A Senior Preferred Stock

On July 1, 2025, American Public Education, Inc. (NASDAQ: APEI), a prominent provider of both online and campus-based postsecondary education, announced the successful completion of its full redemption of its Series A Senior Preferred Stock. This decision comes as part of the company's ongoing efforts to streamline its capital structure and improve its financial health.

Details of the Redemption

The redemption involved all outstanding shares of the Series A Senior Preferred Stock, costing the company a total of $44.5 million. This amount also included $1.4 million in accrued and unpaid dividends. APEI utilized its available cash reserves to facilitate this redemption, reinforcing its commitment to maintaining a solid financial standing.

Additional Financial Developments

In tandem with the stock redemption, several other significant financial updates were revealed. In May 2025, the Department of Education released a $24.5 million letter of credit from Rasmussen University, one of APEI's subsidiaries. This development marked a considerable improvement in the accessibility of funds previously restricted under its 2020 composite score.

Moreover, on June 27, 2025, APEI finalized the sale of its two corporate administrative office buildings situated in Charles Town, West Virginia, garnering sales proceeds totaling $22.4 million. These properties had been classified as “held for sale” in APEI's financial filings as of March 31, 2025.

Executive Insights

Angela Selden, President and CEO of APEI, remarked on these transformations, stating, "These recent actions improve our balance sheet and our strong cash position while simplifying our capital structure. This positions APEI well to continue serving our students and deliver ongoing shareholder value." Such statements underscore the company's intention to positively impact both its operational efficiency and investor confidence.

About American Public Education, Inc.

American Public Education, Inc. is dedicated to providing transformative learning experiences. Through its various institutions, which include the American Public University System and Rasmussen University, the company serves over 125,000 students. APUS is particularly known for catering to active-duty military and veteran students. Meanwhile, Rasmussen University, with its 125-year history, offers specialized programs primarily in nursing and health sciences across 20 campuses in six states, alongside an online platform.

Additionally, Hondros College of Nursing, another subsidiary, focuses on educating aspiring nurses and holds the title of the largest educator of Practical Nurses in Ohio. Meanwhile, Graduate School USA enhances the careers of federal employees through tailored training programs.

APEI is recognized for its commitment to providing accessible and affordable education, meeting the needs of adult learners. Both APUS and Rasmussen University hold accreditations from the Higher Learning Commission, ensuring that their programs meet high educational standards.

Conclusion

Overall, APEI’s recent financial strategies reflect its proactive approach to enhancing its operational and financial architecture. Amid evolving educational landscapes and financial commitments, these actions signal strong governance and a clear vision for sustainable growth and service expansion aimed at benefiting both students and shareholders alike. For further details, interested parties can visit American Public Education, Inc..