McGraw Hill, Inc. Announces Successful Completion of Refinancing Transactions
McGraw Hill announced completion of refinancing transactions that extend the maturities of certain outstanding debt and enhance its financial flexibility. Its wholly owned subsidiary, McGraw-Hill Education, completed a previously announced private offering of $400 million in aggregate principal amount.
Why it matters — The transactions affect the company’s debt maturities and financial flexibility, which are relevant to MH watchers.