McGraw Hill Inc. Reduces Debt by $385 Million Following Successful Term Loan Repricing
Reuters
Sep 09
McGraw Hill Inc. Reduces Debt by $385 Million Following Successful Term Loan Repricing
McGraw Hill Inc., a prominent global provider of educational solutions, has announced the successful repricing of its term loan, continuing its strategy to optimize its capital structure. Following a substantial prepayment of $385 million from its initial public offering in July 2025, the company has effectively reduced its annualized interest expenses by over $30 million. The repricing transaction decreased the interest rate on the existing term loan by 50 basis points, with a potential further reduction of 25 basis points contingent on maintaining certain credit ratings. This move underscores McGraw Hill's commitment to strengthening its balance sheet by reducing debt and cash interest obligations.
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