American Public Education, Inc. Completes Full Redemption of its Series A Senior Preferred Stock and Provides Other Capital Structure Updates
American Public Education (Nasdaq: APEI), a leading online and campus-based education provider, has announced several significant capital structure improvements. The company has completed the full redemption of its Series A Senior Preferred Stock for $44.5 million, which includes $1.4 million in accrued dividends, using available cash.
Additionally, the Department of Education has released Rasmussen University's $24.5 million letter of credit, and APEI has completed the sale of two corporate administrative buildings in Charles Town, WV, for $22.4 million. These strategic moves are aimed at improving the company's balance sheet and simplifying its capital structure.
American Public Education (Nasdaq: APEI), un importante fornitore di istruzione online e in presenza, ha annunciato diverse significative migliorie nella struttura del capitale. La società ha completato il rimborso totale delle sue Azioni Preferenziali Senior di Serie A per un importo di 44,5 milioni di dollari, che include 1,4 milioni di dollari di dividendi maturati, utilizzando la liquidità disponibile.
Inoltre, il Dipartimento dell'Istruzione ha rilasciato la lettera di credito di 24,5 milioni di dollari dell'Università Rasmussen, e APEI ha completato la vendita di due edifici amministrativi aziendali a Charles Town, WV, per 22,4 milioni di dollari. Queste mosse strategiche mirano a migliorare il bilancio della società e a semplificare la sua struttura del capitale.
American Public Education (Nasdaq: APEI), un proveedor líder de educación en línea y presencial, ha anunciado varias mejoras significativas en su estructura de capital. La compañía ha completado el reembolso total de sus Acciones Preferentes Senior Serie A por 44,5 millones de dólares, que incluyen 1,4 millones de dólares en dividendos acumulados, utilizando efectivo disponible.
Además, el Departamento de Educación ha liberado la carta de crédito de 24,5 millones de dólares de la Universidad Rasmussen, y APEI ha completado la venta de dos edificios administrativos corporativos en Charles Town, WV, por 22,4 millones de dólares. Estas acciones estratégicas buscan mejorar el balance de la compañía y simplificar su estructura de capital.
American Public Education (Nasdaq: APEI)는 온라인 및 캠퍼스 기반 교육을 선도하는 업체로서 자본 구조의 여러 중요한 개선 사항을 발표했습니다. 회사는 가용 현금을 사용하여 누적 배당금 140만 달러를 포함한 4,450만 달러 규모의 Series A 선순위 우선주를 전액 상환했습니다.
또한, 교육부는 Rasmussen 대학교의 2,450만 달러 신용장을 해제했으며, APEI는 웨스트버지니아주 찰스타운에 위치한 두 개의 법인 행정 건물을 2,240만 달러에 매각을 완료했습니다. 이러한 전략적 조치는 회사의 재무 상태를 개선하고 자본 구조를 단순화하는 데 목적이 있습니다.
American Public Education (Nasdaq : APEI), un fournisseur majeur d’éducation en ligne et en présentiel, a annoncé plusieurs améliorations significatives de sa structure de capital. La société a procédé au remboursement intégral de ses actions privilégiées senior de série A pour un montant de 44,5 millions de dollars, incluant 1,4 million de dollars de dividendes accumulés, en utilisant les liquidités disponibles.
Par ailleurs, le Département de l’Éducation a libéré la lettre de crédit de 24,5 millions de dollars de l’Université Rasmussen, et APEI a finalisé la vente de deux immeubles administratifs d’entreprise à Charles Town, WV, pour 22,4 millions de dollars. Ces opérations stratégiques visent à améliorer le bilan de l’entreprise et à simplifier sa structure de capital.
American Public Education (Nasdaq: APEI), ein führender Anbieter von Online- und Präsenzbildung, hat mehrere bedeutende Verbesserungen seiner Kapitalstruktur bekannt gegeben. Das Unternehmen hat die vollständige Rückzahlung seiner Series A Senior Preferred Stock in Höhe von 44,5 Millionen US-Dollar abgeschlossen, einschließlich 1,4 Millionen US-Dollar aufgelaufener Dividenden, und hierfür verfügbare liquide Mittel verwendet.
Zusätzlich hat das Bildungsministerium das 24,5 Millionen US-Dollar umfassende Akkreditiv der Rasmussen University freigegeben, und APEI hat den Verkauf von zwei Verwaltungsgebäuden in Charles Town, WV, für 22,4 Millionen US-Dollar abgeschlossen. Diese strategischen Maßnahmen zielen darauf ab, die Bilanz des Unternehmens zu verbessern und die Kapitalstruktur zu vereinfachen.
- Full redemption of Series A Senior Preferred Stock simplifies capital structure
- Release of $24.5 million letter of credit improves liquidity position
- Sale of administrative buildings generates $22.4 million in proceeds
- Strong cash position maintained after transactions
- None.
Full Redemption of Series A Senior Preferred Stock
APEI completed the redemption of all outstanding shares of the Company's Series A Senior Preferred Stock for aggregate cash consideration of
Release of Department of Education Letter of Credit
In May 2025, the Department of Education released Rasmussen University's
Completes Sale of Corporate Administrative Office Buildings
On June 27, 2025, APEI completed the sale of two corporate administrative office buildings located in
Angela Selden, President and Chief Executive Officer of APEI, stated, "These recent actions improve our balance sheet and our strong cash position, while simplifying our capital structure, helping to position APEI well to continue to serve our students and deliver ongoing shareholder value."
About American Public Education
American Public Education, Inc. (Nasdaq: APEI), through its institutions American Public University System, Rasmussen University, Hondros College of Nursing, and Graduate School
APUS, which operates through American Military University and American Public University, is the leading educator to active-duty military and veteran students* and serves approximately 88,000 adult learners worldwide via accessible and affordable higher education.
Rasmussen University is a 125-year-old nursing and health sciences-focused institution that serves approximately 14,600 students across its 20 campuses in six states and online. It also has schools of Business, Technology, Design, Early Childhood Education and Justice Studies.
Hondros College of Nursing focuses on educating pre-licensure nursing students at eight campuses (six in
Graduate School
Both APUS and Rasmussen University are institutionally accredited by the Higher Learning Commission (HLC), an institutional accreditation agency recognized by the
*Based on FY 2019 Department of Defense tuition assistance data, as reported by Military Times, and Veterans Administration student enrollment data as of 2024.
**Based on information compiled by the National Council of State Boards of Nursing and
Company Contact
Frank Tutalo
Director, Public Relations
American Public Education, Inc.
ftutalo@apei.com
571-358-3042
Investor Relations
Brian M. Prenoveau, CFA
MZ North America
Direct: 561-489-5315
APEI@mzgroup.us
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SOURCE American Public Education, Inc.
FAQ
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