McGraw Hill Completes Refinancing Transactions

MT newswire2026/10/09 20:45

04:45 PM EDT, 10/09/2026 (MT Newswires) -- McGraw Hill (MH) said late Friday it has completed a series of refinancing transactions, extending the maturities of some debt and improving its financial flexibility. "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," said Chief Financial Officer Bob Sallmann. The company said its subsidiary completed a private offering of $400 million of 8.000% senior secured notes due 2033. The firm also said it closed $930 million of senior secured term loans. The firm said net proceeds were used to help redeem its 5.750% secured notes due 2028 and refinance its term loan facility.

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