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1.93 MB
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Extraction Summary

14
People
14
Organizations
1
Locations
2
Events
3
Relationships
2
Quotes

Document Information

Type: Corporate financial report / prospectus page
File Size: 1.93 MB
Summary

This document page details the management team and advisory board of Knowledge Universe Education (KUE), listing Lowell and Michael Milken as co-founders. It outlines two major financial instruments: a $200 million promissory note payable to KULG related to the acquisition of KinderCare, and a $150 million term loan from Credit Suisse used to repay debt owed to entities controlled by Michael Milken. The document is stamped with House Oversight markings.

People (14)

Name Role Context
Lowell Milken Co-Founder, President and Chief Executive Officer
Management of KUE
Michael Milken Co-Founder and Chairman
Management of KUE; controls entities receiving loan repayments
Steven Green Vice Chairman
Management of KUE; Chairman and CEO of k1 Ventures and Greenstreet Real Estate Partners
Ted Sanders Vice Chairman
Management of KUE
Stephen Goldsmith Senior Vice President
Strategic Planning and Worldwide Government Programs
Nina Rees Senior Vice President
Strategic Initiatives
Jeffrey Safchik Chief Financial Officer
Management of KUE
Richard Sandler General Counsel
Management of KUE
Adam Cohn Senior Vice President
Business Development
Geoffrey Moore Senior Vice President
Corporate Communications
Michael Neumann Vice President
Business Development
Les Biller Advisory Board Member
Retired Vice Chairman & COO of Wells Fargo
Ted Mitchell Advisory Board Member
CEO of New Schools Venture Fund
Tsvi Gal Advisory Board Member
CTO for Deutsche Bank Asset Management

Timeline (2 events)

2005-01-06
Execution of promissory note for KinderCare acquisition
Delaware (Incorporation)
2006-03-29
Execution of Term Loan Facility
Delaware (Incorporation)
Knowledge Universe Education LLC Credit Suisse

Locations (1)

Location Context

Relationships (3)

Michael Milken Financial Control/Debtor KUE LLC
Proceeds of loan used to repay debt to entities controlled by Michael Milken
Lowell Milken Co-Founders Michael Milken
Both listed as Co-Founders of KUE
KU Education, Inc. Subsidiary KUE
KU Education, Inc., a Delaware corporation and subsidiary of KUE

Key Quotes (2)

"The proceeds of the $150 million term loan were used to repay existing debt of KUE LLC to entities controlled by Michael Milken."
Source
HOUSE_OVERSIGHT_024507.jpg
Quote #1
"As of April 1, 2006, KUE Inc. owes approximately $183.9 million under the note."
Source
HOUSE_OVERSIGHT_024507.jpg
Quote #2

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