Prospector
Profile
07.1122
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| Laureate Education, Inc. |
NAICS |
611710 |
| 1001 Fleet Street
Baltimore, MD 21202 |
Description |
Educational Support Services |
| (410) 843-6100 |
Employees |
23000 |
| http://www.laureate-inc.com/ |
Revenue |
(mil) |
1145.7600 |
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Income |
(mil) |
105.6200 |
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Assets |
(mil) |
2203.0100 |
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Liability |
(mil) |
1026.8900 |
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(for the year ended 2006-12-31) |
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Category:
Low Rating
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Event:
Standard & Poor's Ratings Services assigned a 'CCC+' rating to Laureate Education, Inc.'s $310 million senior subordinated notes due 2007. The rating outlook is negative. "The rating reflects heightened debt leverage and weakened cash flow protection resulting from the impending leveraged acquisition of Laureate Education by a group of private-equity concerns," S&P credit analyst Hal F. Diamond said.
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Intellectual Property:
The Company currently owns the registered trademark for the word “Laureate.” The Company has registered applications with the U.S. Patent and Trademark Office, as well as with the applicable Trademark agencies within the specific countries for the marks “Laureate International Universities,” “Laureate Online International” and “Laureate Online Education.” [SEC Filing 10-K 03-01-07]
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Description:
The Company provides higher education programs and services to students through a network of campus-based and online universities, and higher education institutions primarily in the Americas, Europe, and Asia.
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Officers:
Douglas L. Becker (Chair & CEO); Rosemarie Mecca (EVP & CFO); R. Christopher Hoehn-Saric (Dir.); James H. McGuire (Dir.); Isabel Aguilera (Dir.); Richard W. Riley (Dir.); David A. Wilson (Dir.); John A. Miller (Dir.); Wolf H. Hengst (Dir.); R. William Pollock (Dir.)
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Auditor:
Ernst & Young LLP
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Securities:
Common Stock Symbol LAUR; NasdaqGS;
51,582,558 common shares outstanding as of April 30, 2007.
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