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Extraction Summary
0
People
3
Organizations
2
Locations
1
Events
1
Relationships
3
Quotes
Document Information
Type:
Financial document (offering memorandum or prospectus)
File Size:
Summary
This page is a 'Use of Proceeds' section from a financial offering document related to KUE (likely Knowledge Universe Education). It details the allocation of funds raised, specifically $150 million for debt repayment, $50 million for fees and expenses (referencing a July 1, 2006 Fixed Overhead Payment Agreement), and $7 million for accrued returns on preferred units managed by KUE LLC.
Timeline (1 events)
Locations (2)
| Location | Context |
|---|---|
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Location for strategic acquisitions
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Internationally
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Location for strategic acquisitions
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Key Quotes (3)
"The proceeds of this offering will be used: (i) to expand operations... (iii) to repay, in whole or in part, $150 million of existing debt"Source
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Quote #1
"pay an estimated $50 million in fees and expenses (including amounts payable to the Agents and including amounts payable from July 1, 2006 under the Fixed Overhead Payment Agreement)"Source
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Quote #2
"in the discretion of KUE LLC, payment at the initial closing of the offering of approximately $7.0 million of accrued return"Source
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Quote #3
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