McGraw Hill closes $930 million senior secured term loan facility refinancing

PUBT · 1d ago
McGraw Hill closes $930 million senior secured term loan facility refinancing
  • McGraw Hill completed refinancing anchored by a private offering of $400 million of 8.000% senior secured notes due 2033.
  • Closed $930 million of senior secured term loans under an amended and restated senior secured cash flow credit agreement.
  • Used proceeds to redeem its 5.750% Secured Notes due 2028, refinance its existing term loan facility.
  • Refinanced its senior secured cash flow revolving credit facility, extending maturity to October 2031, raising commitments to $150 million.
  • Amended its senior secured ABL revolving credit agreement to extend maturity to October 2031.


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