This bond is CUSIP 28140JAC4, EDUCATION MGMT LLC SR NT 8.75000% 06/01/2014, and yields approx 23% at the price I paid today ($80.50 per $100 face value). EDMC is the second largest for-profit college education chain. It had a surprise loss for the recent quarter and has been sued by the DOJ for using fraud to get federal financial aid (EDMC denies this).
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