HOUSE_OVERSIGHT_024525.jpg
1.88 MB
Extraction Summary
1
People
5
Organizations
0
Locations
3
Events
2
Relationships
3
Quotes
Document Information
Type:
Financial memorandum / corporate disclosure (likely an offering memorandum)
File Size:
1.88 MB
Summary
This document is page 92 of a financial memorandum (Bates stamped HOUSE_OVERSIGHT_024525) detailing corporate restructuring involving KLC (Knowledge Learning Corporation) around 2005. It outlines a real estate transaction where KLC OpCo transferred properties to KLC PropCo to be leased back, notes the acquisition of KinderCare, and mentions Wayne Pipes as the VP of Real Estate. It also includes environmental liability disclaimers and financial projection discussions involving pro forma adjustments of $96.3 million in rent expenses.
People (1)
| Name | Role | Context |
|---|---|---|
| Wayne Pipes | Vice President |
Heads the real estate group within KLC OpCo
|
Organizations (5)
| Name | Type | Context |
|---|---|---|
| KLC OpCo |
Entity managing center design, development, and management; lessee of properties.
|
|
| KLC PropCo |
Entity owning real estate transferred from OpCo; lessor to OpCo.
|
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| KLC |
Knowledge Learning Corporation (implied); separated into OpCo and PropCo.
|
|
| KinderCare |
Acquired by KLC in January 2005.
|
|
| House Oversight Committee |
Source of the document via Bates stamp.
|
Timeline (3 events)
2005-11-09
Real Estate Transaction: Transfer of real estate from KLC OpCo to KLC PropCo.
N/A
Relationships (2)
The real estate group within KLC OpCo is headed by Wayne Pipes, Vice President.
real estate will be owned by KLC PropCo and leased back to KLC OpCo
Key Quotes (3)
"As a result of a November 9, 2005 Real Estate Transaction, substantially all of the real estate owned by KLC OpCo was transferred to KLC PropCo."Source
HOUSE_OVERSIGHT_024525.jpg
Quote #1
"The real estate group within KLC OpCo is headed by Wayne Pipes, Vice President."Source
HOUSE_OVERSIGHT_024525.jpg
Quote #2
"KLC OpCo's pro forma results reflect KLC's consolidated pro forma results adjusted to include $96.3 million of rent expense payable to KLC PropCo."Source
HOUSE_OVERSIGHT_024525.jpg
Quote #3
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