Event Details

This document, page 105 of a House Oversight file (Bates 024538), details the financial terms of a Real Estate Transaction involving 'KLC' entities (likely KinderCare). It outlines the terms of Junior Mezzanine debt, including interest rates (15.13% cash/1.50% PIK), maturity (May 2016), and prepayment penalties. Additionally, it describes a Master Lease agreement established in November 2005 where KLC OpCo leases 713 centers from KLC PropCo for $91 million annually under a triple net lease structure.