Laureate Education files IPO with 4.7 billion debt

The Baltimore Sun ^ | 10-05-15 | Carrie Wells

[Freedom of Speech Wins]

When Baltimore-based Laureate Education filed for an initial public offering last week, it disclosed $4.7 billion in debt that has been cutting into the company's bottom line, with hundreds of millions in losses over the past several years.

The for-profit educational company was publicly traded until 2007, when its founder and a group of other investors took it private in a $3.8 billion buyout. Since then, the company has grown its web of career-focused universities — mostly outside the United States — but some analysts said it was time for Laureate to slow down and address its significant debt.

"I would expect the company to focus on paying down debt right now," said Matt Kennedy, an analyst at Greenwich, Conn.-based Renaissance Capital, a manager of IPO-focused funds. "That's where the cash sweep is going to go."

But "even after the IPO it will be highly leveraged," he continued, "so that could be a concern for investors. You'll still see a significant portion of the company's net income being affected by interest payments."

http://www.baltimoresun.com/business/bs-bz-laureate-ipo-folo-20151005-story.html

[Freedom of Speech Wins]

For Profit School paying Millions to the Clinton's, Billions in Debt, Public Stockholders holding the risk,

[Freedom of Speech Wins]

http://www.stevepieczenik.com/laureate-university-another-clinton-cash-scam/

[Freedom of Speech Wins]

http://www.americanthinker.com/blog/2016/08/forprofit_laureate_university_is_discovering_the_downside_of_clinton_cronyism.html

[Freedom of Speech Wins]

???Did Bill Clinton step down as Chancellor?

What were investors told about all of this?

https://www.buzzfeed.com/mollyhensleyclancy/bill-clinton-steps-down-from-worlds-largest-for-profit-colle?utm_term=.lrVrGpz53#.hlwBky2jD

[Ann Archy]

They gave Bill Clinton $16,000,000.00 and they are going PUBLIC?? omg...WHO would invest in such a company?

[dp0622]

Disgusting.

Some time down the line when Samsung’s products stop blowing up, they’ll be a good buy :)

A person who should be in prison 1000 times over running for pres. No words..

[JudgemAll]

The Fed reserve is now buying stocks, but Yellen says it is not partisan. Not partisan socialist, ha! What a joke.

We need wikileaks on Yellen and Clinton Foundation

[saintgermaine]

WHO would invest in such a company?

Many of these highly educated dummies who think that socialism is the next best ting to sliced bread. But they are in good company as Marx and Engels got together with Vladimir Ilyich Ulyanov and were pushing for something similar what eventually it ended in disaster. It isn’t too difficult to understand why the so called lower class just laps it up, but why those highly educated idiots inevitably fall for it is difficult to understand.

Just look at Collin Powell, there is little doubt that he had a pretty good education and undoubtedly knows Hillary is a deceitful corrupt crook yet he still will vote for her. You would think that wisdom and fair judgement comes with old age as in his case, but apparently it has escaped him.

[saintgermaine]

WHO would invest in such a company?

Many of these highly educated dummies who think that socialism is the next best ting to sliced bread. But they are in good company as Marx and Engels got together with Vladimir Ilyich Ulyanov and were pushing for something similar what eventually it ended in disaster. It isn’t too difficult to understand why the so called lower class just laps it up, but why those highly educated idiots inevitably fall for it is difficult to understand.

Just look at Collin Powell, there is little doubt that he had a pretty good education and undoubtedly knows Hillary is a deceitful corrupt crook yet he still will vote for her. You would think that wisdom and fair judgement comes with old age as in his case, but apparently it has escaped him.

[mewzilla]

Laureate is in the Podesta emails...

FW: Laureate Interview Request

https://wikileaks.org/podesta-emails/emailid/23342

[txrefugee]

Another Soros/Clinton cash cow sucking money from the US taxpayers and funneling it to the criminals in power. Now they want ignorant stock holder to bite.That the markets would allow this shows why putting your money into stocks is very risky.

[Robert DeLong]

The for-profit educational company was publicly traded until 2007, when its founder and a group of other investors took it private in a $3.8 billion buyout.

So no, public stockholders are not holding the risk. Anyone buying into the company by purchasing stock in the IPO will be risking their investment for sure. But up until the IPO of last week, it was a privately owned company. Why anyone would touch this investment non opportunity is beyond me. Sounds like a sure loser.

[Freedom of Speech Wins]

They want to re-IPO it apparently. Good information you give here.