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CRP in the News
November 2006


eCollege Note Repayment

In November, eCollege fully repaid its $20 million of subordinated debt. The Company achieved this objective through internally generated cash flow. CRP originally invested in eCollege in 2003 in order to finance a strategic acquisition. Since the original investment, eCollege’s revenue and EBITDA have increased 3.2X and 5.3X, respectively. CRP still maintains a common stock warrant position.

 

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