McGraw Hill, Inc. Announces Successful Completion of Refinancing Transactions
Business Wire•09/10/2026•16:15 ET
0
Key Highlights
- ➤$400 million 8.000% senior secured notes issued, due 2033
- ➤$930 million senior secured term loan facility closed
- ➤Revolving credit facility commitments increased to $150 million
- ➤Revolving facilities’ maturities extended to October 2031
- ➤$50 million term-loan principal prepayment strengthened the balance sheet
Expert Statements
Bob Sallmann, Executive Vice President and Chief Financial Officer of McGraw Hill
“We continue to reduce gross debt while we proactively extended our maturity wall, optimizing market conditions and recent rating agency upgrades, marking another step in our efforts to strengthen our capital structure over time.”
Bob Sallmann, Executive Vice President and Chief Financial Officer of McGraw Hill
“These transactions offer us the ability to continue to reduce our gross debt over time, as we remain firmly committed to our net debt to Adjusted EBITDA leverage ratio target of 2.0-2.5x.”
McGraw Hill, Inc. Announces Successful Completion of Refinancing Transactions
McGraw Hill, Inc. (the “Company”) announced today that it has completed a series of refinancing transactions that extend the maturities of certain of its outstanding indebtedness and enhance the Company’s financial flexibility.
Get started
Create a free account to read the full story.