January 06, 2005
Execution of promissory note for KinderCare acquisition
| Name | Type | Mentions | |
|---|---|---|---|
| KU Education, Inc. | organization | 4 | View Entity |
| KULG | organization | 27 | View Entity |
HOUSE_OVERSIGHT_024507.jpg
This document page details the management team and advisory board of Knowledge Universe Education (KUE), listing Lowell and Michael Milken as co-founders. It outlines two major financial instruments: a $200 million promissory note payable to KULG related to the acquisition of KinderCare, and a $150 million term loan from Credit Suisse used to repay debt owed to entities controlled by Michael Milken. The document is stamped with House Oversight markings.
Events with shared participants
Start date for quarterly installment payments from KUE to KULG.
2006-07-01 • N/A
Commencement of quarterly installments for the $20 million Fixed Overhead Payment.
2006-07-01 • N/A
Commencement of $20 million annual payments from KUE to KULG.
2006-07-01 • N/A
Start of Stephen Goldsmith's three-year employment agreement.
2005-02-01 • N/A
Start of Ted Sanders' 24-month consulting agreement.
2005-03-01 • N/A
Commencement of $20 million annual Fixed Overhead Payment from KUE to KULG.
2006-07-01 • N/A
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