<div id="subtitle">Education Management to sell 20M shares in IPO priced at $18 to $20 per share</div><div><p>Education Management Corp. said Monday it would sell 20 million shares, at $18 to $20 a piece, in an initial public offering that will help it pay down debt.</p><p>The company said the proceeds would be used to pay down part of the debt owed by its Education Management LLC subsidiary, pay a termination fee under a management agreement with certain shareholders and for general expenses.</p><p>The company expects the share to be listed on the Nasdaq with the ticker "EDMC."</p><p>The underwriters will have the option to buy an additional 3 million shares to cover any overallotments.</p><p>Goldman Sachs, JPMorgan, BofA Merrill Lynch, Barclays Capital, Credit Suisse and Morgan Stanley are joint book-running managers for the offering.</p><p>And Robert W. Baird & Co., William Blair & Co., BMO Capital Markets, PiperJaffray, Signal Hill, Stifel Nicolaus and Barrington Research are co-managers.</p><img src="http://admatch-syndication.mochila.com/images/ad.gif?aid=59468316&bid=informcom" /></div><div id="copyright"><div>

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