Adtalem Global Education will use divestiture to pay down debt

Chicago, March 10 – Adtalem Global Education Inc. will use $770 million in divestiture proceeds to repay debt, according to a press release.

The company received $820 million in net proceeds from the $1 billion sale of its financial services segment to a consortium of Wendel Group and Colibri Group.

The financial services sector includes Association of Certified Anti-Money Laundering Specialists, Becker Professional Education and OnCourse Learning.

The paydown is expected to occur within 30 days and will save annualized interest expenses of $40 million.

Adtalem is a Chicago-based workforce solutions provide

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