Graham Holdings Company has announced the pricing of a $500 million private offering of senior unsecured notes due 2033. The notes will carry a coupon of 5.625% per annum, payable semi-annually on June 1 and December 1, beginning June 1, 2026. The notes mature on December 1, 2033, and were priced at 100% of the principal amount. The offering is expected to close on November 24, 2025, subject to customary closing conditions. The notes will be guaranteed by certain existing and future domestic subsidiaries of the company. Proceeds from the offering, along with borrowings under an amended $400 million revolving credit facility, are intended to redeem existing 5.750% notes due 2026, refinance outstanding revolving loans, repay a $150 million term loan facility, and cover related fees and expenses. The notes are being offered only to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S. No URL for the full prospectus is included in the document.