{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-032646","form_type":"8-K","ticker":"LAUR","cik":"0000912766","company_name":"LAUREATE EDUCATION, INC.","filed_at":"2023-09-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.003047+00:00","generated_at":"2026-06-10T12:51:56.491436+00:00","sec_items":["1.01","2.03","5.02"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Laureate Education adds $155M Series 2028 revolving tranche, total facility $300M","bullets":["Added $155M Series 2028 Tranche; total revolver $300M ($145M maturing Oct 2024).","Facility matures Sept 18, 2028; interest rate at EURIBOR/Term SOFR/ABR plus margin of 1.75%-2.50% (SOFR/EURIBOR) based on leverage.","Financial covenant: Consolidated Senior Secured Debt/EBITDA ≤ 3.00x; suspended if <25% facility drawn.","Obligations guaranteed by subsidiary Exeter Street Holdings LLC; secured by first-priority lien on substantially all assets.","COO Marcelo Cardoso's consultant agreement amended to eliminate a future severance reduction from Brazil business sale."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-032646","json":"https://secwatch.observer/filing/0001628280-23-032646.json","markdown":"https://secwatch.observer/filing/0001628280-23-032646.md","text":"https://secwatch.observer/filing/0001628280-23-032646.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/912766/000162828023032646/0001628280-23-032646-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/912766/000162828023032646/laur-20230920.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T12:51:56.491436+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b73bdeb009e20dd6e512bfe74ba5878366a6426b","claim":"LAUREATE EDUCATION, INC. amended Third Amendment with Citibank, N.A., as administrative agent and collateral agent valued at $300,000,000 aggregate revolving credit facility (effective 2023-09-18).","evidence_excerpt":"On September 18, 2023, Laureate Education, Inc. (the “Company”) entered into an amendment (the “Third Amendment”) to the Third Amended and Restated Credit Agreement, dated as of October 7, 2019","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/912766/000162828023032646/0001628280-23-032646-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Citibank, N.A., as administrative agent and collateral agent"},{"label":"Value","value":"$300,000,000 aggregate revolving credit facility"},{"label":"Effective","value":"2023-09-18"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}