Adtalem Global Education reports tenders of $373.33 million 5˝% notes

By Wendy Van Sickle

Columbus, Ohio, April 11 – Adtalem Global Education Inc. announced the results of its offer to buy up to $373,333,000 of its 5˝% senior notes due 2028 (Cusips: 00737WAA7, U00740AA5), according to a press release.

By the offer’s expiry at 5 p.m. ET on April 8, $373,333,000, or 46.67% of the outstanding notes, had been tendered.

The company will use a portion of the net cash proceeds from its previously announced divestiture of its financial services segment to fund the tender, which was announced on March 14.

Noteholders who tendered their notes will receive par plus interest.

U.S. Bank Trust Co., NA is the depositary and paying agent (cts.specfinance@usbank.com).

Adtalem is a Chicago-based health care educator and provider of professional talent to the health care industry.

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