Shearman & Sterling advised Morgan Stanley, as Lead Arranger, on an amendment to 2U Inc.’s existing credit facilities, to refinance its senior secured term loan, extending the maturity date from December 2024 to December 2026, and to amend other terms. The refinancing also included the provision of a $40 million senior secured revolving credit facility for the company.

2U Inc. is a provider of online educational services headquartered in Lanham, Maryland. An announcement of the transaction was made public on Jan. 9 in a press release.

The Team