KinderCare Announces Pricing of Initial Public Offering

KinderCare Learning Companies, Inc. (“KinderCare”), the nation’s largest private provider of high-quality early childhood education by center capacity, today announced the pricing of its initial public offering of 24,000,000 shares of its common stock at a public offering price of $24.00 per share. The underwriters have a 30-day option to purchase up to 3,600,000 shares of common stock from KinderCare at the initial public offering price, less underwriting discounts and commissions. KinderCare’s common stock is expected to begin trading on The New York Stock Exchange on October 9, 2024, under the symbol “KLC.” The offering is expected to close on October 10, 2024, subject to customary closing conditions.

KinderCare intends to use the net proceeds that it receives from the offering to repay amounts outstanding under its existing indebtedness and pay expenses.

Goldman Sachs & Co. LLC, Morgan Stanley, Barclays and J.P. Morgan are acting as lead bookrunning managers for the offering. UBS Investment Bank, Baird, BMO Capital Markets, Deutsche Bank Securities and Macquarie Capital are acting as joint book-runners. Loop Capital Markets, Ramirez & Co., Inc. and R. Seelaus & Co., LLC are acting as co-managers.

The offering is being made only by means of a prospectus. A copy of the prospectus relating to the offering, when available, may be obtained from:

• Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, email: prospectus-ny@ny.email.gs.com, Telephone: 1-866-471-2526
• Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2^nd Floor, New York, NY 10014

A registration statement on Form S-1 relating to the sale of these securities was declared effective by the Securities and Exchange Commission on October 8, 2024. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

About KinderCare Learning Companies™

A leading private provider of early childhood and school-age education and care, KinderCare builds confidence for life in children and families from all backgrounds. KinderCare supports hardworking families in 40 states and the District of Columbia with differentiated flexible child care solutions:

• In neighborhoods, with KinderCare® Learning Centers that offer early learning programs for children six weeks to 12 years old;
• Crème Schools®, which offers a premium early education model using a variety of themed classrooms; and
• In local schools, with Champions® before and after-school programs.

KinderCare partners with employers nationwide to address the child care needs of today’s dynamic workforce. We provide customized family care benefits for organizations, including care for young children on or near the site where their parents work, tuition benefits, and backup care where KinderCare programs are located. Headquartered in Lake Oswego, Oregon, KinderCare operates more than 2,400 early learning centers and sites.

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