Event Details
November 09, 2005
Description
Real Estate Transaction: Transfer of real estate from KLC OpCo to KLC PropCo.
Participants (2)
| Name | Type | Mentions | |
|---|---|---|---|
| KLC OpCo | person | 0 | View Entity |
| KLC | organization | 174 | View Entity |
Source Documents (1)
HOUSE_OVERSIGHT_024525.jpg
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.
Related Events
Events with shared participants
KLC's fiscal year 2005 audit
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KLC separated its education operations from its real estate assets.
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KLC divided its business into PropCo (real estate) and OpCo (operations).
2005-11-01 • N/A
KLC separated its education operations (KLC OpCo) from its real estate assets (KLC PropCo).
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Separation of business into operating (KLC OpCo) and property (KLC PropCo).
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Separation of KLC into KLC OpCo and KLC PropCo
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Hypothetical date for pro forma financial adjustments
2004-01-01 • Unknown
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