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home / news releases / ATGE - Adtalem Global Education offers to buy up to $373M of senior notes

ATGE - Adtalem Global Education offers to buy up to $373M of senior notes

Adtalem Global Education Inc.
Adtalem Global Education (NYSE:ATGE) starts a cash asset sale offer to buy up to $373M of its 5.5% senior notes due 2028 or about 47% of the $800M notes outstanding.  Cash payment will include a portion of the net cash proceeds received from the company's already announced divestiture of the financial services segment, which is expected to close in Q3 of FY22 by Mar.31, 2022. The asset sale offer is set to expire at 5 PM NYC time on April 8, 2022. The company will pay $1,000.00 plus accrued and unpaid interest for each $1,000 principal amount of notes. Also Read: Adtalem Global Education falls 18% postmarket after slashing 2022 forecast

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Adtalem Global Education offers to buy up to $373M of senior notes
Stock Information
Company Name: Adtalem Global Education Inc.
Stock Symbol: ATGE
Market: NYSE
Website: adtalem.com
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