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Laureate Education plans to repay debt through sale of $800 million in senior notes

Laureate Education plans to repay debt through sale of $800 million in senior notes

Laureate Education Inc., the Baltimore-based company that owns and operates universities around the world, is planning to refinance and pay down some of its roughly $3.8 billion in debt.

In a filing Monday with the Securities and Exchange Commission, Laureate said it would sell up to $800 million in senior notes, due in 2025, in a private offering.

The proceeds, combined with funds from its $490 million initial public offering on Feb. 1, to repay debt, including some high-interest bonds due in 2019, other term loans and seller notes that partially financed the 2014 acquisition of FMU Group, which ran college campuses in Sao Paulo, Brazil, the company said. It's also...

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