Laureate Education Announces the Commencement of an Underwritten Public Offering by Selling Stockholder
Baltimore, Nov. 13, 2018 (GLOBE NEWSWIRE) — Laureate Education, Inc. (NASDAQ: LAUR), the global leader in higher education, today announced the commencement of an underwritten public offering of 12,250,000 shares of the Company’s Class A common stock by Wengen Alberta, Limited Partnership (the “Selling Stockholder”), the Company’s controlling stockholder. The Selling Stockholder will also grant to the underwriters a 30-day option to purchase an aggregate of not more than 1,837,500 additional shares of the Company’s Class A common stock. The Company is not selling any shares and will not receive any proceeds from the sale of the shares being offered by the Selling Stockholder.
Credit Suisse Securities (USA) LLC, Barclays Capital Inc. and BMO Capital Markets Corp. are acting as joint lead book-running managers and representatives of the underwriters. Macquarie Capital (USA) Inc. is also acting as a lead book-running manager for the offering.
A shelf registration statement on Form S-3ASR was filed with the Securities and Exchange Commission (the “SEC”) on April 23, 2018 and was automatically effective upon filing. A preliminary prospectus supplement relating to the Company’s Class A common stock to be offered in the offering described above will be filed with the SEC today. The offering will be made only by means of a written prospectus, including a prospectus supplement, that forms part of the registration statement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale, would be unlawful prior to registration or qualification under the securities laws of any state or jurisdiction.
The preliminary prospectus supplement and the accompanying prospectus relating to this offering are available at the SEC’s website located at www.sec.gov. Copies of the preliminary prospectus supplement and the accompanying prospectus relating to this offering may also be obtained from: Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, NY 10010, or by calling toll-free at (800) 221-1037, or by email at [email protected]; Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling toll-free at (888) 603-5847, or by email at [email protected]; and BMO Capital Markets Corp., Attention: Equity Syndicate Department, 3 Times Square, 25th Floor, New York, NY 10036, or by telephone at 800-414-3627 or by email at [email protected]