Event Details
January 01, 2005
Description
KLC acquired KinderCare
Participants (2)
| Name | Type | Mentions | |
|---|---|---|---|
| KinderCare | organization | 20 | View Entity |
| KLC | organization | 174 | View Entity |
Source Documents (1)
HOUSE_OVERSIGHT_024508.jpg
This document is page 75 of a financial report detailing the 'Management's Discussion and Analysis' of KLC's operations following its January 2005 acquisition of KinderCare. It outlines significant financial restructuring, including the assumption of over $1 billion in various debts (term, bridge, mortgage, and mezzanine) and a 'Real Estate Transaction' in November 2005 that split the company into operating (OpCo) and property (PropCo) entities. The text explains the non-standard (pro forma) accounting methods used to present these results, noting they do not strictly conform to SEC Regulation S-X Article 11.
Related Events
Events with shared participants
KLC's fiscal year 2005 audit
2005-01-01 • N/A
KLC fiscal year audit
2005-01-01 • N/A
KLC acquired Aramark Educational Resources (AER)
2003-05-01 • U.S.
KLC separated its education operations from its real estate assets.
2005-11-01 • USA
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).
2005-11-01 • USA
Separation of business into operating (KLC OpCo) and property (KLC PropCo).
2005-11-01 • N/A
Separation of KLC into KLC OpCo and KLC PropCo
2005-11-01 • United States
Hypothetical date for pro forma financial adjustments
2004-01-01 • Unknown
Real Estate Transaction
Date unknown • Nationwide
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