McGraw Hill reprices term loan, cutting interest rate 50 bps; annual interest savings >$30M

McGraw Hill, Inc.

Interest rate reduced from Term SOFR+3.25% to Term SOFR+2.75%; possible further 25 bps cut with ratings upgrade.
Loan principal reduced to $771M after $385M prepayment from July 2025 IPO proceeds.
Annualized interest expense savings of over $30 million from prepayment and repricing combined.
No change to maturity date; all other terms substantially unchanged.
CFO Bob Sallmann cites continued balance sheet optimization.

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