Cognita Schools in Raising of $450 Million First Lien Cov-Lite TLB

Cleary Gottlieb advised Cognita Schools in the successful raising of a $450 million first lien cov-lite term loan.

This represents its inaugural USD TLB and first time accessing the U.S. markets.

Cognita Schools is an education group that owns and operates over 100 schools in Europe, Asia, Latin America, the Middle East, and the United States, and employs over 18,000 teaching and support staff in the care and education of more than 90,000 students.