Ascend Learning, LLC $350 Million Senior Notes Offering

Davis Polk advised the representative of the initial purchasers in connection with a Rule 144A/Regulation S offering by Ascend Learning, LLC of $350 million aggregate principal amount of its 6.875% senior notes due 2025. The notes were issued as an add-on to Ascend’s existing 6.875% senior notes due 2025.

Ascend Learning, LLC is a provider of online educational content, software and analytics serving institutions, students and employers in healthcare and other high-growth, licensure-driven professions.

The Davis Polk capital markets team included partner Michael Kaplan, counsel Jeffrey S. Ramsay and associate Jacqueline Marino. Partner Frank J. Azzopardi and associate Michael V. Policastro provided intellectual property and technology advice. Counsel Ethan R. Goldman provided tax advice. All members of the Davis Polk team are based in the New York office.