McGraw Hill, Inc. announced a $50 million prepayment of principal under its outstanding term loan facility.
This prepayment is part of the Company's focus on gross debt reduction, with a total year-to-date principal payments of $592 million.
The Executive Vice President and Chief Financial Officer emphasized the Company's commitment to achieving a 2-2.5x net leverage target.
Debt Reduction Focus
McGraw Hill is actively reducing debt to strengthen its balance sheet.
Continued Investments
The Company's debt reduction strategy allows for strategic investments to drive future growth.
Net Leverage Target
McGraw Hill aims to maintain a net leverage target of 2-2.5x for financial stability.
- The additional $50 million debt reduction showcases the Company's financial discipline and commitment to reducing leverage.
- By proactively managing debt levels, McGraw Hill positions itself for sustainable growth and financial stability.
McGraw Hill's recent debt reduction efforts highlight its strong financial management and dedication to long-term financial health. The Company's strategic approach to debt reduction will likely yield positive outcomes for future growth and stability.