💰 Financial Record
paymentTransaction Details
Amount
USD
$7,000,000.0
Payer (From)
Offering Proceeds
Linked to Offering Proceeds
Payee (To)
Preferred Limited Partners
Linked to Preferred Limited Partners
Description
Discretionary payment of accrued return on preferred units
Additional Details
Date string:
Unknown (Offering Closing)
Amount string:
7000000
Source document:
HOUSE_OVERSIGHT_024472.jpg
📄 Source Document
HOUSE_OVERSIGHT_024472.jpg
ESTATE Collection
Document Summary
This page is a 'Use of Proceeds' section from a financial offering document related to KUE (likely Knowledge Universe Education). It details the allocation of funds raised, specifically $150 million for debt repayment, $50 million for fees and expenses (referencing a July 1, 2006 Fixed Overhead Payment Agreement), and $7 million for accrued returns on preferred units managed by KUE LLC.
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