💰 Financial Record
paymentTransaction Details
Payer (From)
Borrower
Linked to Borrower
Payee (To)
Lender
Linked to Lender (implied)
Description
Junior Mezzanine debt cash interest at 15.13% and PIK at 1.50%
Additional Details
Date string:
Future/Recurring
Amount string:
Source document:
HOUSE_OVERSIGHT_024538.jpg
📄 Source Document
HOUSE_OVERSIGHT_024538.jpg
ESTATE Collection
Document Summary
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.
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