Laureate Education Amends its Credit Agreement
11.07.23
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Simpson Thacher represented Laureate Education, Inc. (“Laureate”) in connection with an amendment to its credit agreement. The amended credit agreement provides for $145 million of revolving credit loans maturing October 2024 and $155 million of revolving credit loans under a new tranche of revolving credit loans maturing September 2028 for a $300 million aggregate revolving credit facility, among other items.
Laureate operates five higher education institutions across Mexico and Peru, enrolling more than 420,000 students in high-quality undergraduate, graduate, and specialized degree programs through campus-based and online learning.
The Simpson Thacher team included: Michael Vernace, Anita Wu and Diana Yen (Banking & Credit).