Recent Updates — MH

McGraw-Hill Education, a wholly-owned subsidiary of McGraw Hill, Inc., completed the private offering of $400 million in aggregate principal amount of 8.000% senior secured notes due 2033. Concurrently, the company entered into an amended and restated cash flow credit agreement providing for a $930 million senior secured term loan facility maturing in October 2033 and increased revolving commitments to $150 million. The net proceeds were used to redeem in full the outstanding 5.750% Secured Notes due 2028 and refinance existing term loans. Additionally, the company amended its senior secured ABL revolving credit agreement to extend maturity to October 2031. McGraw Hill operates as a leading global provider of education solutions for K-12, higher education, and professional learning.

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.

McGraw Hill, Inc. reported fiscal first quarter 2027 results for the period ended June 30, 2026, with total revenue of $549.9 million, a 2.6% year-over-year increase. Re-occurring revenue rose 9.8% to $425.6 million, while digital revenue grew 8.8% to $353.5 million. GAAP net income improved significantly to $57.9 million from $0.5 million in the prior year period, and Adjusted EBITDA increased to $207.0 million with a margin of 37.7%. The company reaffirmed its fiscal year 2027 guidance, projecting revenue between $2.115 billion and $2.175 billion and Adjusted EBITDA between $750 million and $790 million. Additionally, the company held its annual stockholder meeting on August 11, 2026, where shareholders elected directors Simon Allen, Mary Ann Sigler, Guhan Subramanian, and Eric Worley, approved an annual advisory vote frequency for executive compensation, and ratified Ernst & Young LLP as the independent auditor. McGraw Hill operates in the education technology industry, providing digital learning solutions and content for preK-12, higher education, and professional markets.

McGraw Hill, Inc. announced its fiscal fourth quarter and fiscal year 2026 results on June 11, 2026. Additionally, the board of directors approved a $50.0 million share repurchase plan on June 2, 2026. McGraw Hill, Inc. is an educational publishing company.