Adtalem Global Education Inc

(a) On January 26, 2024, Adtalem entered into Amendment No. 2 to the Credit Agreement (the “Amendment”) dated as of August 12, 2021, by and between Adtalem, as borrower, the lenders party thereto and Morgan Stanley Senior Funding, Inc. as administrative agent and collateral agent filed as Exhibit 10.1 to Adtalem’s Form 8-K dated August 12, 2021, as amended by Amendment No. 1 to Credit Agreement dated as of June 27, 2023 filed as Exhibit 4(e) to Adtalem’s Annual Report on Form 10-K for the fiscal year ended June 30, 2023 (collectively, the “Existing Credit Agreement”).

The Amendment amended the Existing Credit Agreement to, among other things, reduce the margin added to the interest rate for Term Loan B loans under the Existing Credit Agreement from a range (depending upon the applicable net first lien leverage ratio) of 4.00% – 4.50% to 3.50% – 4.00% for eurocurrency term loan borrowings and from a range of 3.00% – 3.50% to 2.50% – 3.00% for alternative base rate borrowings.

In addition, Adtalem repaid $50.0 million of Term Loan B loans, leaving a principal balance of $253.3 million of such loans.

(b) None.

(c) During the quarter ended December 31, 2023, none of our directors or officers adopted, modified, orterminated any “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” aseach term is defined in Item 408(a) of Regulation S-K.