Financing ·
McGraw Hill announced that its subsidiary McGraw-Hill Education intends to offer $500 million in senior secured notes…
MHMcGraw Hill, Inc.
McGraw Hill announced that its subsidiary McGraw-Hill Education intends to offer $500 million in senior secured notes due 2033 and refinance existing credit facilities, including a new $830 million term loan B facility maturing in 2033. The company expects to voluntarily prepay $50 million under the existing term loan by September 30, 2026, and issued a conditional notice to redeem its outstanding 5.750% Secured Notes due 2028 on October 9, 2026. McGraw Hill operates in the education solutions industry, providing preK-12, higher education, and professional learning content.