Two months after going public, Laureate Education Inc. is raising $800 million in fresh capital. Baltimore-based Laureate, the world’s largest for-profit network of colleges, will issue notes, which are similar to bonds, to pay off some of its outstanding debt. Some of the debt is related to its acquisition of FMU Group in 2014. The new debt is scheduled to be paid off in 2025. Laureate (NASDAQ: LAUR) has about $3.6 billion of long-term debt, according to federal filings with the U.S. Securities…
from http://www.bizjournals.com/baltimore/news/2017/04/17/laureate-raising-800-million-to-help-pay-off-debt.html?ana=RSS%26s=article_search
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