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Replies to post #44 on Education Management Corporation (EDMCQ)
MWM
01/18/17 3:51 PM
#45 RE: ktcougar #44
01/18/17 3:52 PM
#46 RE: ktcougar #44
EDMC completed a capital restructuring agreement with debt holders cancelling in excess of $1.3 billion of outstanding debt in exchange for the issuance of two senior secured term loans due July 2, 2020 in the aggregate principle amount of $400 million, mandatorily convertible preferred stock, optionally convertible preferred stock and warrants for common stock.