Business
McGraw Hill, Inc. Announces Further Deleveraging with Additional $150 Million of Debt Reduction
COLUMBUS, Ohio, October 16, 2025--McGraw Hill, Inc. (NYSE: MH) ("McGraw Hill" or the "Company") today announced that it has successfully strengthened its balance sheet with a $150 million prepayment of principal under its outstanding term loan facility (the "Term Loan").
About this update from Mcgraw Hill, Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":480,"url":"https://media.zenfs.com/en/business-wire.com/40159f68895be55325a5b50e7021f400"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/f7VB5be2jG3dKrttB8PWtw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTk2MDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/40159f68895be55325a5b50e7021f400","width":480,"height":480}},"lazy":false},{"type":"text","content":"COLUMBUS, Ohio, October 16, 2025--(BUSINESS WIRE)--McGraw Hill, Inc. (NYSE: MH) ("McGraw Hill" or the "Company") today announced that it has successfully strengthened its balance sheet with a $150 million prepayment of principal under its outstanding term loan facility (the "Term Loan").","length":318,"tagName":"p"},{"type":"text","content":"With this paydown, since its initial public offering in July of 2025, McGraw Hill has made principal payments under the Term Loan of $539 million, bringing the outstanding balance thereunder to approximately $618 million.","length":221,"tagName":"p"},{"type":"text","content":""Gross debt reduction remains a top financial priority for McGraw Hill, and we believe that our continued deleveraging demonstrates the strength of our business," said Bob Sallmann, McGraw Hill’s Executive Vice President and Chief Financial Officer. "Combined with our previous debt paydown using proceeds from our initial public offering and the subsequent repricing of our term loan facility, we now expect to realize just over $40 million in annualized cash interest savings. We believe that this prepayment is a testament to our financial discipline and our commitment to our 2-2.5x net leverage target."","length":628,"tagName":"p"},{"type":"text","content":"McGraw Hill","length":11,"tagName":"p"},{"type":"text","content":"McGraw Hill (NYSE: MH) is a leading global provider of education solutions for preK-12, higher education and professional learning, supporting the evolving needs of millions of educators and students around the world. We provide trusted, high-quality content and personalized learning experiences that use data, technology and learning science to help students progress towards their goals. Through our commitment to fostering a culture of innovation and belongin...