Laureate Education Enters Material Definitive Agreement
Ticker: LAUR · Form: 8-K · Filed: May 7, 2024 · CIK: 912766
| Field | Detail |
|---|---|
| Company | Laureate Education, Inc. (LAUR) |
| Form Type | 8-K |
| Filed Date | May 7, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.004, $14.64, $30,958,422, $100 million, $36.1 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement
TL;DR
Laureate Education just signed a big deal, details TBD.
AI Summary
On May 7, 2024, Laureate Education, Inc. entered into a Material Definitive Agreement. The filing does not disclose specific details of the agreement, the counterparty, or any associated financial figures.
Why It Matters
This filing indicates a significant new contract or partnership for Laureate Education, Inc., the implications of which will depend on the specific terms of the agreement.
Risk Assessment
Risk Level: medium — The lack of specific details in the filing regarding the Material Definitive Agreement introduces uncertainty about its potential impact on Laureate Education.
Key Players & Entities
- LAUREATE EDUCATION, INC. (company) — Registrant
- May 7, 2024 (date) — Date of Report
- May 6, 2024 (date) — Date of earliest event reported
- 001-38002 (company) — Commission File Number
- 52-1492296 (company) — IRS Employer Identification No.
FAQ
What is the nature of the Material Definitive Agreement entered into by Laureate Education, Inc.?
The filing states that Laureate Education, Inc. entered into a Material Definitive Agreement on May 7, 2024, but does not provide specific details about its nature.
Who is the counterparty to this Material Definitive Agreement?
The filing does not disclose the name of the other party involved in the Material Definitive Agreement.
Are there any financial terms or dollar amounts associated with this agreement?
No specific financial terms or dollar amounts related to the Material Definitive Agreement are mentioned in this filing.
When was the earliest event reported in relation to this agreement?
The earliest event reported in relation to this agreement was on May 6, 2024.
What is the Commission File Number for Laureate Education, Inc.?
The Commission File Number for Laureate Education, Inc. is 001-38002.
Filing Stats: 525 words · 2 min read · ~2 pages · Grade level 9.5 · Accepted 2024-05-07 16:11:23
Key Financial Figures
- $0.004 — ich registered Common Stock, par value $0.004 per share LAUR The NASDAQ Stock Market
- $14.64 — from the Sellers at a purchase price of $14.64 per share for an aggregate purchase pri
- $30,958,422 — hare for an aggregate purchase price of $30,958,422 (the "Purchase Price"). These shares wi
- $100 million — hased as part of the Company's existing $100 million share repurchase program that was previ
- $36.1 million — s purchase, there will be approximately $36.1 million of authorization remaining under the Co
Filing Documents
- laur-20240507.htm (8-K) — 30KB
- 0001628280-24-021097.txt ( ) — 150KB
- laur-20240507.xsd (EX-101.SCH) — 2KB
- laur-20240507_lab.xml (EX-101.LAB) — 21KB
- laur-20240507_pre.xml (EX-101.PRE) — 12KB
- laur-20240507_htm.xml (XML) — 3KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. Effective May 6, 2024, Laureate Education, Inc. (the "Company") entered into a Stock Purchase Agreement (the "Purchase Agreement") with each of Snow Phipps Group, LLC, Snow Phipps Group, L.P., Snow Phipps Group (B), L.P., Snow Phipps Group (Offshore), L.P., Snow Phipps Group (RPV), L.P. and SPG Co-Investment, L.P. (each, a "Seller and together, the "Sellers"), pursuant to which the Company agreed to purchase an aggregate of 2,114,928 shares of the Company's common stock from the Sellers at a purchase price of $14.64 per share for an aggregate purchase price of $30,958,422 (the "Purchase Price"). These shares will be repurchased as part of the Company's existing $100 million share repurchase program that was previously announced on February 22, 2024. Following this purchase, there will be approximately $36.1 million of authorization remaining under the Company's $100 million share repurchase program. 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. LAUREATE EDUCATION, INC. By: /s/ Leslie S. Brush Name: Leslie S. Brush Title: Senior Vice President, Chief Legal Officer and Secretary Date: May 7, 2024 3