💰 Financial Record

This document is page 45 of a financial offering memorandum (likely a PPM) detailing risk factors associated with a $280 million investment offering closing around March 31, 2007. It outlines risks related to international expansion in the for-profit education sector, specifically regarding currency fluctuations, political instability, and legal differences in foreign jurisdictions. It also highlights the company's dependence on key personnel referred to as 'the Principals' and mentions entities KUE LLC and KLC.