Exhibit 4.2

 

EXECUTION VERSION

 

FIRST SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of November 13, 2012, by and among Laureate Education, Inc., a Maryland corporation (the “Issuer”), the guarantors party hereto (the “Guarantors”) and Wells Fargo Bank, National Association, as trustee (the “Trustee”).

 

W I T N E S S E T H

 

WHEREAS, each of the Issuer and the Guarantors (as defined in the Indenture referred to below) has heretofore executed and delivered to the Trustee an indenture (the “Indenture”), dated as of July 25, 2012, providing for the issuance of 9.250% Senior Notes due 2019 (the “2019 Notes”);

 

WHEREAS, Section 2.01(d) of the Indenture provides that Additional Notes (as defined in the Indenture) ranking pari passu with the Initial Notes (as defined in the Indenture) may be created and issued from time to time by the Issuer (subject to the Issuer’s compliance with Section 4.09 of the Indenture) without notice to or consent of the Holders (as defined in the Indenture) and shall be consolidated with and form a single class with the Initial Notes and shall have the same terms as to status, redemption or otherwise as the Initial Notes; and

 

WHEREAS, the Issuer and the Guarantors desire to execute and deliver this Supplemental Indenture for the purpose of issuing $1,050,000,000 in aggregate principal amount of Additional Notes, having terms substantially identical in all material respects to the 2019 Notes (together with the 2019 Notes, the “Notes”); and

 

WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture.

 

NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:

 

(1)           Capitalized Terms.  Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.

 

(2)           Additional Notes.  As of the date hereof, the Issuer will issue the Additional Notes under the Indenture, having terms substantially identical in all material respects to the 2019 Notes, at an issue price of 97.75%, plus accrued and unpaid interest from July 25, 2012.  The 2019 Notes and the Additional Notes shall be treated as a single class for all purposes under the Indenture.

 

(3)           Authentication of Additional Notes. The Trustee shall, pursuant to an Issuer Authentication Order delivered in accordance with Section 2.02 of the Indenture, authenticate and deliver the Additional Notes for an aggregate principal amount specified in such Issuer Authentication Order.

 

(4)           Ratification of Indenture. Except as expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This First Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder shall be bound thereby.

 











 

(5)           Governing Law.  THIS SUPPLEMENTAL INDENTURE WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

 

(6)           Severability. In case any provision in this First Supplemental Indenture, the Indenture or the Notes shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

 

(7)           Successors. This First Supplemental Indenture shall be binding on the Issuer, the Guarantors, the Trustee and the Holders and their respective successors and assigns, and shall inure to the benefit of such parties and their respective successors and assigns.

 

(8)           Counterparts.  The parties may sign any number of copies of this Supplemental Indenture.  Each signed copy shall be an original, but all of them together represent the same agreement.

 

(9)           Effect of Headings.  The Section headings herein are for convenience only and shall not affect the construction hereof.

 

(10)         The Trustee.  The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Issuer and the Guarantors.

 

[The remainder of this page is intentionally left blank.]

 

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IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed, all as of the date first above written.

 

	
 
    	
Very   truly yours,
    
	
 
    	
 
    
	
 
    	
LAUREATE   EDUCATION, INC.
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Robert W. Zentz
    
	
 
    	
Name:
    	
Robert W. Zentz
    
	
 
    	
Title:
    	
Senior Vice President, Secretary and General Counsel
    


 











 

	
 
    	
LAUREATE   VENTURES, INC.
    
	
 
    	
LAUREATE   INTERNATIONAL UNIVERSITIES, INC.
    
	
 
    	
INTERNATIONAL   UNIVERSITY VENTURES, LTD.
    
	
 
    	
LAUREATE   PROPERTIES, LLC (DELAWARE)
    
	
 
    	
POST-SECONDARY EDUCATION   ACQUISITION CORPORATION
    
	
 
    	
TUITION   FINANCE, INC.
    
	
 
    	
WALDEN   E-LEARNING, LLC
    
	
 
    	
THE   CANTER GROUP OF COMPANIES, LLC
    
	
 
    	
LAUREATE   EDUCATION INTERNATIONAL LTD.
    
	
 
    	
CANTER   AND ASSOCIATES, LLC
    
	
 
    	
EDUCATIONAL   SATELLITE SERVICES, INC.
    
	
 
    	
WALL STREET INTERNATIONAL   HOLDINGS — US I, INC.
    
	
 
    	
LEI   ADMINISTRATION, LLC
    
	
 
    	
EXETER   STREET HOLDINGS LLC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Robert W. Zentz
    
	
 
    	
 
    	
Name:
    	
Robert   W. Zentz
    
	
 
    	
 
    	
Title:
    	
Vice   President and Secretary
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
LAUREATE   BAGBY INVESTORS LLC
    
	
 
    	
 
    	
By:
    	
LAUREATE   EDUCATION, INC.,
    
	
 
    	
 
    	
its   Sole Member
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Robert W. Zentz
    
	
 
    	
 
    	
Name:
    	
Robert   W. Zentz
    
	
 
    	
 
    	
Title:
    	
Senior   Vice President, Secretary and
    
	
 
    	
 
    	
General   Counsel
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
FLEET   STREET AVIATION, LLC
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Robert W. Zentz
    
	
 
    	
 
    	
Name:
    	
Robert   W. Zentz
    
	
 
    	
 
    	
Title:
    	
Manager
    
												


 

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WELLS   FARGO BANK, NATIONAL ASSOCIATION,
    
	
 
    	
as   Trustee
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Yana Kislenko
    
	
 
    	
 
    	
Name:
    	
Yana Kislenko
    
	
 
    	
 
    	
Title:
    	
Vice President
    


 

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