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Dive Brief:
- Laureate Education’s Walden University is planning for modest enrollment growth after adjusting its operations to compete in a “mature and competitive” U.S. market, CEO Eilif Serck-Hanssen told analysts during a call Thursday to discuss its second-quarter earnings.
- During the quarter, Laureate used nearly $1 billion from its sale of institutions in Spain, Portugal and India to reduce its debt to its lowest level in a decade. The company is expanding in Latin America and online, with strong growth in distance learning in Brazil during the period.
- Serck-Hanssen also said the company will repurchase up to $150 million in Class A common stock to help raise its trading value.
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