McGraw Hill, Inc. announced the successful completion of the repricing of its Credit Agreement.
The Repricing Transaction reduces the applicable interest rate under the Credit Agreement by 50 basis points.
Following a term loan prepayment in July 2025, the Company has optimized its capital structure and reduced annualized interest expenses by over $30 million.
Interest Rate Reduction
The Interest Rate under the Credit Agreement has been reduced from Term SOFR plus 3.25% to Term SOFR plus 2.75%.
Debt Reduction
The Borrower prepaid approximately $385 million of the Existing Term Loan after the initial public offering in July 2025.
Financial Commitment
McGraw Hill remains focused on strengthening its balance sheet by reducing debt and cash interest obligations.
- The successful repricing effort has positively impacted the Company's capital structure and reduced annual interest expenses significantly.
- McGraw Hill's commitment to optimizing its financial position demonstrates strategic financial management.
McGraw Hill's recent financial actions reflect a strategic approach towards improving its capital structure and reducing debt burdens, setting a positive trajectory for future financial performance.