Education Management Corporation Files Form S-3 Registration Statement

    Education Management Corporation Files Form S-3 Registration Statement

PR Newswire

PITTSBURGH, Nov. 27, 2013

PITTSBURGH, Nov. 27, 2013 /PRNewswire/ --Education Management Corporation
(NASDAQ: EDMC), one of the largest providers of post-secondary education in
North America, today announced that it has filed a universal shelf
registration statement on Form S-3 with the United States Securities and
Exchange Commission ("SEC"). The registration statement is intended to
provide for issuances by the company and to afford flexibility to access the
public capital markets in order to respond to financing and business

At the present time, the company has no specific plans to issue securities
under the registration statement. Following the effectiveness of the shelf
registration statement, the company will be able to offer and sell, from time
to time, up to $1 billion of securities such as debt securities, guarantees of
debt securities, depositary shares, common and preferred stock, warrants,
purchase contracts, or other units consisting of any of the foregoing.
Specific terms and prices of securities in any future offerings by the company
under this universal shelf registration statement, and the intended use of
proceeds therefrom, would be established at the time of any such offering, and
will be described in a prospectus supplement that Education Management
Corporation would file with the SEC.

If the securities are issued, Education Management Corporation may use the
proceeds for general corporate purposes, including, but not limited to,
repayment of indebtedness, working capital, capital expenditures, investments
in subsidiaries, business acquisitions, and the redemption or retirement of

A registration statement relating to these securities has been filed with the
SEC but has not yet become effective. These securities may not be sold nor may
offers to buy be accepted prior to the time the registration statement becomes
effective. This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of these
securities in any jurisdiction in which an offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities laws
of any such jurisdiction. Any offering of the securities covered under the
universal shelf registration statement will be made solely by means of a
prospectus and an accompanying prospectus supplement relating to that offer. A
copy of the shelf registration statement on Form S-3 and copies of the
prospectus supplements relating to any offerings under the universal shelf
registration statement, when available, may be obtained by contacting John
Iannone, Director of Investor Relations, at 210 Sixth Avenue, 33^rd Floor,
Pittsburgh Pennsylvania 15222.

About Education Management Corporation
Education Management Corporation (, with more than 125,000
students (as of October 2013) at its 110 locations in the U.S. and Canada, is
among the largest providers of post-secondary education in North America,
based on student enrollment and revenue at its campuses. Offering academic
programs through both campus-based and online instruction, the company
provides quality academic programs and is committed to improving access,
affordability and achievement for students. The company's education systems –
Argosy University, The Art Institutes, Brown Mackie Colleges and South
University – offer students the opportunity to earn undergraduate and graduate
degrees and certain specialized non-degree diplomas in a broad range of
disciplines including culinary, business, education, fashion, graphic design,
health sciences, information technology, legal, media arts, and psychology and
behavioral sciences.

Safe Harbor Language
This press release includes forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. These statements
typically contain words such as "anticipates," "believes," "estimates,"
"expects," "intends" or similar words indicating that future outcomes are not
known with certainty and are subject to risk factors that could cause these
outcomes to differ significantly from those projected. Forward-looking
statements include, but are not limited to, statements related to the
company's future operating and financial performance, and include statements
regarding expected enrollment, revenue, expense levels, capital expenditures
and earnings. Any such forward-looking statements involve risk and
uncertainties that could cause actual results to differ materially from any
future results encompassed within the forward-looking statements. Some of the
factors that could cause actual results to differ materially include, but are
not limited to: changes in the overall U.S. or global economy; changes in
enrollment or student mix; student retention; our ability to maintain
eligibility to participate in Title IV programs; changes in government
spending; increased or unanticipated legal and regulatory costs; success of
cost-cutting initiatives and growth strategies; changes in accreditation
standards; the implementation of new operating procedures for our fully online
programs; government and regulatory changes including revised interpretations
of regulatory requirements that affect the postsecondary education industry;
new programs and operational changes implemented in response to the "gainful
employment" financial metrics; the potential impact of the draft "gainful
employment" regulation issued by the U.S. Department of Education on Aug. 30,
2013; and other factors discussed in our filings with the Securities and
Exchange Commission, including those identified in the "Risk Factors" section
of our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. Past
results of Education Management are not necessarily indicative of its future
results. Education Management does not undertake any obligation to update any
forward-looking statements, except as required by securities laws.

SOURCE Education Management Corporation

Contact: Chris Hardman, Vice President, Communications,,
412-995-7187; Investor Contact: John Iannone, Director, Investor Relations,, 412-995-7727
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