Education Management LLC's (EDMC) Debt Restructuring is Credit-Negative Event - Moody's
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/24/2026
- S&P 500, Nasdaq slip as Iran tensions test markets in high-stakes week
- Oil falls ahead of US announcement of new sanctions on Iran
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- Wattmore and Eos Energy strike non-exclusive storage software deal
- S&P 500, Nasdaq slip as Iran tensions test markets in high-stakes week
- RUM Group signs $13.7 billion GPU services deal, issues warrants
- XPeng Inc. (XPEV) Misses Q2 EPS by 100c ; Provides Outlook
- Hungarian Gripen jet crashes, no injuries reported, PM Magyar says
Education Management (EDMC) Units Commence Consent Solicitation to Amend Notes Indenture
August 28, 2014 6:26 AM EDTEducation Management LLC and Education Management Finance Corp., each indirect wholly-owned subsidiaries of Education Management Corporation (Nasdaq: EDMC), announced that they have commenced a solicitation of consents (the "Consent Solicitation") to amend the indenture governing their Senior Cash Pay/PIK Notes Due 2018.
The Consent Solicitation is being made in accordance with the terms and subject to the conditions stated in the Consent Solicitation Statement, dated August 27, 2014 (the "Consent Solicitation Statement") and the related Master Consent (the "Master Consent" and together with the Consent Solicitation Statement, the "Consent Solicitation Documents"), to... More
Education Management (EDMC) Reaches Agreement with Debt Holders Over Financial Restructuring
August 27, 2014 8:40 AM EDTEducation Management (Nasdaq: EDMC) announced it has reached agreement in principle regarding a financial restructuring with holders of more than 80 percent of its secured and unsecured financial indebtedness. The company's Board of Directors has approved the restructuring.
"We believe this plan, which will convert a significant portion of our debt into equity and result in a vastly improved capital structure with lower interest expense and extended maturities, is in the best interests of all stakeholders, most... More
