Text mentions 'separation of our business... rental income received by KLC PropCo... is primarily comprised of lease payments from KLC OpCo.'
Text mentions 'separation of our business... rental income received by KLC PropCo... is primarily comprised of lease payments from KLC OpCo.'
KLC PropCo leased its owned centers back to KLC OpCo
real estate will be owned by KLC PropCo and leased back to KLC OpCo
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This document is page 75 of a financial report detailing the 'Management's Discussion and Analysis' of KLC's operations following its January 2005 acquisition of KinderCare. It outlines significant financial restructuring, including the assumption of over $1 billion in various debts (term, bridge, mortgage, and mezzanine) and a 'Real Estate Transaction' in November 2005 that split the company into operating (OpCo) and property (PropCo) entities. The text explains the non-standard (pro forma) accounting methods used to present these results, noting they do not strictly conform to SEC Regulation S-X Article 11.
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This document is page 92 of a financial memorandum (Bates stamped HOUSE_OVERSIGHT_024525) detailing corporate restructuring involving KLC (Knowledge Learning Corporation) around 2005. It outlines a real estate transaction where KLC OpCo transferred properties to KLC PropCo to be leased back, notes the acquisition of KinderCare, and mentions Wayne Pipes as the VP of Real Estate. It also includes environmental liability disclaimers and financial projection discussions involving pro forma adjustments of $96.3 million in rent expenses.
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This document is page 42 of a financial memorandum (marked with a House Oversight stamp) detailing the summary financial data for KLC (Knowledge Learning Corporation) following its acquisition of KinderCare. It provides pro forma historical data for 2004-2005 and projected data for 2006-2007, including revenue, EBITDA, and EBITDAR figures. The text outlines the corporate separation into an operating company (OpCo) and a property company (PropCo) and notes that the financial presentation does not strictly conform to standard SEC Regulation S-X guidelines.
Entities connected to both KLC OpCo and KLC
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