Event Details
February 02, 2005
Description
Indenture agreement established between KLC, Guarantors, and Wells Fargo Bank, N.A.
Participants (2)
| Name | Type | Mentions | |
|---|---|---|---|
| Wells Fargo | organization | 73 | View Entity |
| KLC | organization | 174 | View Entity |
Source Documents (1)
HOUSE_OVERSIGHT_024490.jpg
This document appears to be page 57 of a Private Placement Memorandum or similar financial risk disclosure associated with an entity named 'KUE' (likely an Epstein-affiliated entity) and its subsidiary 'KLC'. It outlines significant financial risks to investors, specifically stating that investors may never receive cash distributions and that KUE's ability to pay is limited by the debt obligations of its subsidiary, KLC, which is bound by an indenture with Wells Fargo Bank. The document also notes that the investment units are illiquid, not registered under the Securities Act, and governed in part by Cayman Islands law.
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
Wells Fargo scandal involving the creation of up to 2 million unauthorized customer accounts, leading to investigations and calls for new legislation.
Date unknown • U.S.
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
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