February 1, 2018 / 10:10 PM / a year ago

BRIEF-Laureate Education Announces Repayment Of Term Loan Debt

Feb 1 (Reuters) - Laureate Education Inc:

* LAUREATE EDUCATION, INC. ANNOUNCES REPAYMENT OF TERM LOAN DEBT AND SUCCESSFUL REPRICING

* LAUREATE EDUCATION - ‍AMENDED SECOND AMENDED & RESTATED CREDIT AGREEMENT TO REDUCE INTEREST RATE ON TERM LOANS CONSTITUTING SERIES 2024 TERM LOANS​

* LAUREATE EDUCATION-UNDER AMENDMENT, INTEREST RATE MARGIN APPLICABLE TO OUTSTANDING TERM LOANS REDUCED TO 3.50% FOR LIBOR TERM LOANS

* LAUREATE EDUCATION-UNDER AMENDMENT, INTEREST RATE MARGIN APPLICABLE TO OUTSTANDING TERM LOANS REDUCED TO 2.50% FOR ALTERNATE BASE RATE TERM LOANS

* LAUREATE EDUCATION-‍INTEREST RATE REDUCTION,DECREASED PRINCIPAL OUTSTANDING EXPECTED TO GENERATE ANNUALIZED INTEREST EXPENSE SAVINGS OF ABOUT $33.6 MILLION​ Source text for Eikon: Further company coverage:

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