---
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"
generated_at: "2026-06-10T12:51:56.491436+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Laureate Education adds $155M Series 2028 revolving tranche, total facility $300M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 5.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-032646
- JSON: https://secwatch.observer/filing/0001628280-23-032646.json
- Plain text: https://secwatch.observer/filing/0001628280-23-032646.txt

## Key facts
- Material Agreements
  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).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Citibank, N.A., as administrative agent and collateral agent
  - Value: $300,000,000 aggregate revolving credit facility
  - Effective: 2023-09-18
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/912766/000162828023032646/0001628280-23-032646-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.