NEW YORK (December 15, 2020) – McGraw Hill today announced that it has entered into a transaction support agreement to address its near-term debt maturities. The contemplated transaction will extend all material debt maturities through late 2024.
“Following a strong performance in the critically important back-to-school period, we are pleased to announce a comprehensive refinancing that addresses all near-term debt maturities”, said Garet Guthrie, Executive Vice President and Chief Financial Officer. ”The comprehensive refinancing is underpinned by the confidence that lenders and investors have in our business and will allow us to continue to execute on our digital growth strategy and to unlock the potential of learners around the world.”
Additional Information About the Transaction
Additional details regarding the Company's refinancing are in its Current Report, including exhibits, posted on the Company’s website: https://investors.mheducation.com/home/default.aspx
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