secwatch.observer — SEC 8-K summary
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Issuer:     McGraw Hill, Inc. (MH)
CIK:        0001951070
Form:       8-K
Filed at:   2025-09-09T23:59:59+00:00
Accession:  0001193125-25-198855
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1951070/000119312525198855/0001193125-25-198855-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1951070/000119312525198855/d84268d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-198855

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer