2U Takes Strategic Action to Significantly Strengthen Balance Sheet and Position Company for Innovation and Growth

2U, Inc. ("2U" or the "Company"), a global leader in online education, today announced that it has initiated a financial transaction to strengthen its balance sheet and position the Company to advance its mission of making high-quality education accessible to learners around the world. The Company has entered into a Restructuring Support Agreement, or RSA, with lenders and noteholders holding approximately 87% of its outstanding debt that will provide approximately $110 million of new capital, r