Results for “KLC OpCo”

…tunities which generally lead to improved Utilization and higher EBITDA generaiion. — As part of its rationalization, KLC OpCo has identified 50 centers which it intends to close and will continue to evaluate underperforming centers. As a result, over the next six years KLC OpC...

11. THE OPERATING COMPANY (“KLC OPCO”) KLC’s mission is to provide a quality education to children from birth to college. KLC was formed from the combination of KLC and AER which occurred in May 2003 and the subsequent acquisition of KinderCare in January of 2005. Based in Portl...

11.3. School Partnerships Unit (3% of Pro Forma FYE December 31, 2005 Revenue) Through the School Partnerships Unit, KLC OpCo provides customized before and after school educational enrichment and recreational programs for school age and preschool children in partnership with el...

12. THE REAL ESTATE COMPANY (*“KLC PROPCO”) On November 9, 2005, KLC transferred ownership of 845 ECE centers into wholly owned, bankruptcy remote subsidiaries, which are referred to as KLC PropCo. In October 2005, 713 of the centers were independently appraised at approximately...

…t paid in kind may not be paid in cash until the CMBS debt is paid in full. The Junior Mezzanine debt is nonrecourse to KLC OpCo. Prepayment of the Junior Mezzanine debt is prohibited through November 9, 2010, after which prepayment is permitted in whole or in part, subject to a...

… offset costs related to employer-provided child care facilities. However, these tax incentives are subject to change. KLC OpCo is also subject to the Fair Labor Standards Act, which governs such matters as minimum wages, overtime compensation and working conditions. All of KLC...

KLC OpCo Historical Pro Forma and Projected Financial Summary ($ in millions, except for Fiscal Year Ended December 31, weekly tuition) 2004PF" 2005PF' 2006P 2007P OPERATIONAL DATA: Revenue $1,442.2 $1,477.7 $1,557.8 $1,656.5 Revenue Growth 2.5% 5.4% 6.3% Gross Profit $233.3...

KLC OpCo provides a wide range of quality programs that are continuously updated to reflect current thinking and to meet the needs of individual children, Programs have been developed in conjunction with nationally recognized experts in ECE and various curricula reflect the lates...

…ue, School Partnerships accounts for 3.3% of total pro forma revenue in 2005, and is projected to grow to 6.0% in 2011. KLC OpCo projects that growth in the School Partnerships business will be primarily driven by growth in the SES market (more school districts required to offer...

…financial data should be read in conjunction with the financial statements and “Management's Discussion and Analysis of KLC’s Pro Forma Results of Operations” presented elsewhere in this Memorandum. See also “Non-GAAP Financial Measures” elsewhere in this Memorandum for a discuss...

…me jurisdiction. In addition, this type of action could lead to negative publicity extending beyond that jurisdiction. KLC OpCo generally seeks to operate centers and school programs in states with strict regulations in order to avoid unexpected expense and market disruption tha...

…vel include rent, marketing, maintenance, utilities, transportation, classroom and office supplies, insurance and food. KLC’s management believes its large, combined nationwide center base gives it the ability to leverage the costs of programs and services, such as curriculum dev...

and the Master Lease may not be terminated by KLC OpCo. KLC OpCo is

to become a publicly traded partnership within two years of this offering or the acquisition of KLC and k12. As a result, KUE does not believe the anti-inversion legislation or any regulations promulgated within the scope of the legislation’s regulatory authority should apply to...

Capital Expenditures. The following table shows the breakdown in KLC's projected capital expenditures: KLC Consolidated 2004PF 2005PF Maintenance $34.4 $36.6 New Centers 26.4 32.4 IT Spending and Other Capex 9.8 14.0 Total Capital Expenditures $70.6 $83.1 In 2004 and 2005, KL...