Event Details
November 09, 2005
Description
KLC transferred ownership of 845 ECE centers into KLC PropCo.
Participants (1)
| Name | Type | Mentions | |
|---|---|---|---|
| KLC | organization | 174 | View Entity |
Source Documents (1)
HOUSE_OVERSIGHT_024533.jpg
This document is a page from a financial memorandum detailing the corporate structure and real estate strategy of KLC (Knowledge Learning Corporation). It describes the separation of the company into an operating company (KLC OpCo) and a real estate company (KLC PropCo) in November 2005, involving the transfer of 845 Early Childhood Education (ECE) centers and significant debt restructuring including $700 million in CMBS debt. The document outlines the lease terms between the two entities and asserts KLC PropCo's status as the largest private owner of education real estate assets globally.
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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