Thread regarding National American University layoffs

NAUH gets bailout loan from "Center for Excellence in Higher Education"

On May 10, 2019, Dlorah, Inc., a South Dakota corporation (“Dlorah”) and a wholly owned subsidiary of National American University Holdings, Inc., a Delaware corporation (the “Company”), entered into a Loan Agreement (the “Loan Agreement”) with Center for Excellence in Higher Education, Inc., an Indiana non-profit corporation (the “Lender”).

It's a 7 percent loan with a 250K origination fee.

https://www.sec.gov/Archives/edgar/data/1399855/000165495419005948/nauh_8k.htm

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The Center for Excellence in Higher Education (CEHE) is an Indiana-based nonprofit organization that owns and manages CollegeAmerica and Stevens-Henager College.

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