secwatch.observer — SEC 8-K summary
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Issuer:     LAUREATE EDUCATION, INC. (LAUR)
CIK:        0000912766
Form:       8-K
Filed at:   2021-08-12T23:59:59+00:00
Accession:  0001628280-21-016803
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.01, 9.01, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Laureate Education closes $1.48B sale of Walden Group to Adtalem
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- Total cash purchase price $1,480M; net proceeds after transaction costs ~$1,649M.
- Release of ~$83.6M restricted cash collateralizing U.S. Dept. of Education letters of credit.
- Estimated after-tax gain on sale of ~$809M based on June 30, 2021 carrying value.
- Walden CEO Paula Singer departs; receives $1.377M severance plus $128K prorated bonus and equity acceleration.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912766/000162828021016803/0001628280-21-016803-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912766/000162828021016803/laur-20210812.htm
  HTML page:      https://secwatch.observer/filing/0001628280-21-016803

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer