The Cambium Learning Group, an educational solutions and services company, announced completion of a new $135 million credit facility by its wholly owned subsidiary Cambium Learning.

Webster Bank acted as joint lead arranger, administrative agent, L/C issuer and a lender. The Bank of Ireland acted as a joint lead arranger and syndication agent, and Capital One and Babson Capital Finance acted as co-documentation agents.

John Campbell, chief executive officer of Cambium Learning Group, commented, “Cambium Learning’s strategic and financial transformation has improved our business model and increased our profitability and our creditworthiness. This new credit facility provides us with a debt structure that better matches our seasonal capital needs at a significantly lower cost of capital.”

Dallas-based Cambium Learning Group is a leading educational solutions and services company committed to helping students reach their full potential.