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Extraction Summary
0
People
4
Organizations
1
Locations
2
Events
1
Relationships
4
Quotes
Document Information
Type:
Financial memorandum / corporate offering document
File Size:
Summary
This document is page 15 of a financial memorandum explaining Non-GAAP financial measures (EBITDA, Adjusted EBITDA, EBITDAR) used by a company (likely Knowledge Learning Corporation/KLC) to evaluate performance. It details adjustments made related to the acquisitions of KinderCare Learning Centers and ARAMARK Educational Resources, as well as how these metrics influence executive compensation and debt covenants for 7 3/4% senior subordinated notes.
Organizations (4)
| Name | Type | Context |
|---|---|---|
| KinderCare Learning Centers, Inc. | ||
| KinderCare | ||
| KLC | ||
| ARAMARK Educational Resources |
Locations (1)
| Location | Context |
|---|---|
Relationships (1)
KinderCare acquisition; KLC's treatment of center closures
Key Quotes (4)
"EBITDA, Adjusted EBITDA and Adjusted EBITDAR... are supplemental measures of our performance that are not required by, or presented in accordance with, generally accepted accounting principles in the U.S. ('GAAP')."Source
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Quote #1
"Our pro forma Adjusted EBITDA for 2005 excludes restructuring and integration charges associated with the KinderCare acquisition"Source
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Quote #2
"We are basing our executive incentive compensation payments in part on our performance measured using Adjusted EBITDA"Source
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Quote #3
"management fees which are subordinated to our obligations on our 7 3/4% senior subordinated notes"Source
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Quote #4
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