2U To Acquire Trilogy Education - Quick Facts

(RTTNews) - 2U, Inc. (TWOU) announced an agreement to acquire Trilogy Education, a workforce accelerator that prepares adult learners for high-growth careers in the digital economy, for $750 million in cash and stock. The purchase price consists of $400 million in cash and $350 million in newly issued shares of 2U common stock.

Trilogy Education Services, Inc. is a workforce accelerator that empowers universities to prepare professionals for high-growth careers in the digital economy. The acquisition of Trilogy Education will expand 2U's university portfolio from 36 to 68 partners.

2U said it has secured committed debt financing for a $250 million senior secured term loan facility from Owl Rock Capital, which combined with the company's cash on hand, will fund the entire cash portion of the purchase price.