a51072578ex4_2.htm



Exhibit 4.2


 


 


Schedule 1.1A







EXISTING LETTERS OF CREDIT













	
Beneficiary

	
L/C Number

	
Issuance Date

	
Expiry Date

	
Issuer

	
Currency

	
Amount


	
SLG TOWER 45 LLC

	
T00000068098966

	
9/19/13

	
11/30/15

	
Bank of America, N.A.

	
USD

	
$90,170.00


	
CITY OF SAN JOSE

	
T00000068108966

	
1/16/15

	
6/15/15

	
Bank of America, N.A.

	
USD

	
$25,100.00







 




  





  











  






 


SCHEDULE 2.1







Commitments and Pro Rata Shares













	
 


Lender


 

	
Commitment

	
Pro Rata Share


	
Bank of America, N.A.

	
$90,000,000.00

	
22.500000000%


	
PNC Bank, National Association

	
$65,000,000.00

	
16.250000000%


	
Bank of Montreal

	
$50,000,000.00

	
12.500000000%


	
The Northern Trust Company

	
$50,000,000.00

	
12.500000000%


	
Citizens Bank, National Association

	
$40,000,000.00

	
10.000000000%


	
Associated Bank, N.A.

	
$25,000,000.00

	
6.250000000%


	
Fifth Third Bank

	
$25,000,000.00

	
6.250000000%


	
HSBC Bank USA, National Association

	
$20,000,000.00

	
5.000000000%


	
Lake Forest Bank and Trust Company

	
$20,000,000.00

	
5.000000000%


	
Morgan Stanley Bank, N.A.

	
$15,000,000.00

	
3.750000000%


	
Total

	
$400,000,000.00

	
100.000000000%







 




  





  











  






 


SCHEDULE 5.13


SUBSIDIARIES AND OTHER EQUITY INVESTMENTS












Part (a). Subsidiaries





	
I.           Subsidiaries


	
Name of Subsidiary

	
Jurisdiction

	
Tax ID. No.

	
Capital Stock

	
Ownership

	
Stockholder


	
DeVry University, Inc.

	
Illinois

	
36-2781982

	
1,000 Common Shares

	
100%

	
DeVry Education Group Inc.


	
DeVry/New York Inc.

	
Delaware

	
36-4213626

	
1,000 Common Shares

	
100%

	
DeVry Education Group Inc.


	
*, ^ DeVry/Becker Educational Development Corp.

	
Delaware

	
36-4085843

	
1,000 Common Shares

	
100%

	
DeVry Education Group Inc.


	
Becker Professional Development Corporation

	
Delaware

	
36-4085841

	
1,000 Common Shares

	
100%

	
DeVry Education Group Inc.


	
DeVry Medical International, Inc.

	
New York

	
13-3979959

	
1,130,225 Common Shares


40,224.125 Class A Preferred Shares


25,000 Class B Preferred Shares

	
100%

	
DeVry Education Group Inc.


	
Chamberlain College of Nursing and Health Sciences, Inc.

	
Delaware

	
20-2452330

	
100 Common Shares

	
100%

	
DeVry Education Group Inc.


	
†, *, ^ Heartland Health Sciences University, Inc.

	
Delaware

	
26-3206359

	
1,000 Common Shares

	
100%

	
DeVry Education Group Inc.


	
*, ^ Advanced Academics, Inc.

	
Delaware

	
73-1586064

	
1,000 Common Shares

	
100%

	
DeVry Education Group Inc.


	
U.S. Education Corporation

	
Delaware

	
33-0819656

	
1,392,107.32 Common Shares


70,653.73139 Class A Preferred Shares


1,000 Class B Preferred Shares

	
100%

	
DeVry Education Group Inc.


	
†, *, ^ College Finance Corporation

	
Arizona

	
86-0565147

	
100,000 Common Shares

	
100%

	
DeVry Education Group Inc.









 



  











  




 



	
DeVry Educational Development Corp.

	
Delaware

	
36-4091407

	
1,000 Common Shares

	
100%

	
DeVry University, Inc.


	
†, *, ^ DeVry Canada LLC

	
Delaware

	
20-3816567

	
Membership Interests

	
100%

	
DeVry Educational Development Corp.


	
Dominica Services Inc.

	
Delaware

	
20-1504255

	
10 Common Shares

	
100%

	
DeVry Medical International, Inc.


	
Chamberlain College of Nursing LLC

	
Delaware LLC

	
20-2452410

	
Membership Interest

	
100%

	
Chamberlain College of Nursing and Health Sciences, Inc.


	
†, *, ^ Newton Becker Ltd.

	
Hong Kong

	  	
10,000 Common Shares

	
100%

	
DeVry/Becker Educational Development Corp.


	
†, *, ^ Becker CPA Review Ltd.

	
Israel

	  	
120 Common Shares

	
100%

	
DeVry/Becker Educational Development Corp.


	
Ross University Services, Inc.

	
Delaware

	
13-4151727

	
1,000 Common Shares

	
100%

	
DeVry Medical International, Inc.


	
International Education Holdings, Inc.

	
Delaware

	
38-3688428

	
1,010 Common Shares

	
1%


99%

	
DeVry Education Group Inc.


Ross University Services, Inc.


	
Integrated Education Solutions LLC

	
Illinois

	
80-0798438

	
Membership Interest

	
100%

	
DeVry Education Group Inc.


	
Global Education International, Inc.

	
Barbados

	
98-0544088

	
100 Common Shares

	
100%

	
International Education Holdings, Inc.


	
Ross University Management, Inc.

	
St. Lucia

	
98-0404508

	
10,000 Ordinary Shares

	
100%

	
Global Education International, Inc.


	
Ross University School of Medicine,

School of Veterinary Medicine Limited

	
Dominica

	
13-3037825

	
100 Shares of Voting Stock

	
100%

	
Ross University Management, Inc.







 




  





  











  






 



	
^ Ross University School of Medicine

School of Veterinary Medicine (St. Kitts) Limited

	
St. Kitts

	
98-0559844

	
200 Shares of Voting Stock

	
100%

	
Ross University Management, Inc.


	
*, ^ DeVry Medical International (Bahamas) Ltd.

	
Bahamas

	  	
5,000 Common Shares

	
100%

	
Ross University Management, Inc.


	
Global Education International B.V.

	
Netherlands

	
8203.98.482

	
18,000 Common Shares

	
100%

	
International Education Holdings, Inc.


	
DeVry Educacional do Brasil S/A

	
Brazil

	
03.681.572/0001-71 (CNPJ)

	
21,166,472 Ordinary Shares


741,530 Ordinary Shares


51,728 Ordinary Shares


19,749 Ordinary Shares

	
96.3%


3.7%

	
Global Education International B.V.


Carlos Alberto Guerra Filgueiras, Mauricio Garcia,


Daniel Silva Aguiar


	
Academia Baiana de Ensino, Pesquisa e Extensao Ltda.

	
Brazil

	
13.477.369/0001-31 (CNPJ)

	
2,752,997 quotas


2 quotas

	
99.999999%


0.0000001%

	
DeVry Educacional do Brasil S.A.


Carlos Alberto Guerra Filgueiras


	
Centro Baiano de Ensino Superior Ltda.

	
Brazil

	
02/250.176/0001-27

	
964,512 quotas


1 quota

	
99.9999%


0.0001%

	
DeVry Educacional do Brasil S.A.


Carlos Alberto Guerra Filgueiras


	
Damasio Educacional S/A

	
Brazil

	
07.912.676/00001-099 (CNPJ)

	
1,450,000

	
100%

	
DeVry Educacional do Brasil S.A.


	
Faculdade Boa Viagem S/A

	
Brazil

	
11.405.837/0001-37 (CNPJ)

	
11,806,903

	
100%

	
DeVry Educacional do Brasil S.A.


	
Instituto de Ensino Superior da Amazonia Ltda

	
Brazil

	
02.153.389/001-30

	
8,640,999 quotas


1 quota

	
99.99999%


0.00001%

	
DeVry Educacional do Brasil S.A.


Carlos Alberto Guerra Filgueiras







 




  





  











  






 



	
Integral – Grupo de Ensino Superior do Piaui S/C Ltda.

	
Brazil

	
00.854.664/0001-18

	
25,613,462 quotas


 


1 quota

	
99.999996%


 


0.000004%

	
DeVry Educacional do Brasil S.A.


Carlos Alberto Guerra Filgueiras


	
Sociedade de Educacao do Vale do Ipojuca S/A

	
Brazil

	
02.738.361/0001-65

	
10,300,000 quotas

	
100%

	
DeVry Educacional do Brasil S.A.


	
Sociedade Educacional da Paraiba Ltda

	
Brazil

	
12.097.654/0001-64

	
2,079,848 quotas


1 quota

	
99.99996%


0.00004%

	
DeVry Educacional do Brasil S.A.


Carlos Alberto Guerra Filgueiras


	
Sociedade Educacional Ideal Ltda.

	
Brazil

	
02.696.435/0001-48

	
1,599,999 quotas


1 quota

	
99.99994%


0.00006%

	
DeVry Educacional do Brasil S.A.


Carlos Alberto Guerra Filgueiras


	
†, *, ^ American Institute of Health Technology, Inc.

	
Idaho

	
82-0381820

	
2,000 Common Shares

	
100%

	
U.S. Education Corporation


	
EdCOA Inc. d/b/a Carrington College California

	
California

	
94-3166490

	
100,000 Common Shares

	
100%

	
U.S. Education Corporation


	
Carrington College, Inc.

	
Arizona

	
86-0498134

	
1,000 Common Shares

	
100%

	
U.S. Education Corporation


	
*, ^ Becker Professional Development International Limited

	
UK

	  	
545,000 Ordinary Shares


55,000 B Shares

	
100%

	
Global Education International B.V.


	
*, ^ Accountancy Tuition Centre (Hungary) Limited

	
UK and Hungary

	  	
100 Shares

	
100%

	
Becker Professional Development International Limited


	
*, ^ Accountancy Tuition Centre (International) Limited

	
UK and Russia

	  	
3977160 Shares

	
100%

	
Becker Professional Development International Limited


	
*, ^ Accountancy Tuition Centre (Kazakstan) Limited

	
UK and Kazakstan

	  	
20,00 Deferred Shares


20,000 Ordinary Shares

	
100%

	
Becker Professional Development International Limited







 




  





  











  






 



	
*, ^ Accountancy Tuition Centre (Poland) Limited

	
UK and Poland

	  	
9,000 Shares

	
100%

	
Becker Professional Development International Limited


	
*, ^ Accountancy Tuition Centre (Ukraine) Limited

	
Ukraine

	  	
2 Shares

	
100%

	
Becker Professional Development International Limited


	
†, *, ^ Accounting Tuition Centre, Ukraine

	
UK and

British Virgin Islands

	  	
7400 UAH of Chartered Capital

	
100%

	
Accountancy Tuition Centre (Ukraine) Limited


	
*, ^ International Accounting Solutions Limited

	
UK

	  	
100 Shares

	
100%

	
Becker Professional Development International Limited


	
*, ^ International Financial Reporting Solutions

	
UK

	  	
100 Shares

	
100%

	
Becker Professional Development International Limited


	
*, ^ Accountancy Tuition Centre

(Professional Training Club) Limited

	
UK

	  	
100 Shares

	
100%

	
Becker Professional Development International Limited














† - Dormant Subsidiary


* - Not required to be a Guarantor


^ - Not required to have equity pledged







Part (b).  Other Equity Investments.


None


Part (c).  Attached hereto is a true and correct organizational chart showing DeVry Education Group Inc. and its Subsidiaries.


 




  





  











  






 





 




  





  











  






 


SCHEDULE 7.1


 


EXISTING LIENS















	
1. 

	
Liens pursuant to the capital lease agreements described on Schedule 7.3











 




  





  











  






 


SCHEDULE 7.3







EXISTING INDEBTEDNESS








	
1.  

	
Ross University School of Medicine School of Veterinary Medicine Limited is a party to a capital lease pursuant to agreement dated September 12, 1994 with the Government of the Commonwealth of Dominica for the land and buildings known as the Portsmouth Campus which expires on December 31, 2042.  The outstanding amount under such Capital Lease as of March 31, 2011 was $458,925.







 




  





  











  






 


SCHEDULE 11.2


 


ADMINISTRATIVE AGENT’S OFFICE,


CERTAIN ADDRESSES FOR NOTICES


 


LOAN PARTIES:


 


DeVry Education Group Inc.


3005 Highland Parkway


Downers Grove, IL 60515-5799


Attention: Patrick Unzicker


Tel:       (630) 515-4527


Fax:       (630) 515-4555


Email:    punzicker@devrygroup.com


 







ADMINISTRATIVE AGENT:







Bank of America, N.A.


Credit  Services


Mail Code:  TX1-492-14-11


BANK OF AMERICA PLAZA


901 MAIN ST


DALLAS, TX, 75202-3714


Attn: Jacqueline Jones


Phone:  972.338.3765


Fax: 214.290.9439


Electronic Mail: jacqueline.r.jones@baml.com




 


USD PAYMENT INSTRUCTIONS:


Bank of America, N.A.


ABA 026009593


Acct # 1366212250600


Attn: Credit Services


Ref: DeVry







EUR PAYMENT INSTRUCTIONS:


Bank of America London


IBAN: GB63 BOFA 1650 5096 2720 19


Swift Address: BOFAGB22


Acct #: 96272019


Attn: Grand Cayman Unit #1207


Ref: DeVry









  





  











  











GBP PAYMENT INSTRUCTIONS:


Bank of America London


Sort Code: 165050


IBAN: GB41 BOFA 1650 5096 2720 27


Swift Address: BOFAGB22


Acct #: 96272027


Attn: Grand Cayman Unit #1207


Ref: DeVry







AUSTRALIAN DOLLAR PAYMENT INSTRUCTIONS:


Bank of America Australia Ltd, Sidney


SWIFT: BOFAAUSX


Acct #: 96272016


Attn: Credit Services Grand Cayman Unit 1207


Ref:  DeVry







CANADIAN DOLLARS PAYMENT INSTRUCTIONS


Bank of America Canada


SWIFT: BOFACATT


Acct #: 65042228


Attn: Credit Services Grand Cayman Unit 1207


Ref: DeVry












Other Notices as Administrative Agent:


(for financial reporting requirements, bank group communications)







Bank of America, N.A.


Mail Code:  CA5-705-04-09


555 California St.  4th Floor


San Francisco, Ca 94104


Attn: Anthea Del Bianco


Phone: 415-436-2776


Fax 415-503-5101


Electronic Mail: anthea.del_bianco@baml.com







L/C ISSUER:


Bank of America, N.A.


Mail Code:  PA6-580-02-30


One Fleet Way


Scranton, PA  18507


Phone: 570.496.9619


Fax: 800.755.8740


Electronic Mail: tradeclientserviceteamus@baml.com









  





  











  











SWING LINE LENDER:







Bank of America, N.A.


Credit  Services


Mail Code:  TX1-492-14-11


BANK OF AMERICA PLAZA


901 MAIN ST


DALLAS, TX, 75202-3714


Attn: Jacqueline Jones


Phone:  972.338.3765


Fax: 214.290.9439


Electronic Mail: jacqueline.r.jones@baml.com




 


USD


Bank of America, N.A.


ABA 026009593


Acct # 1366212250600


Attn: Credit Services


Ref: DeVry