McGraw Hill unit to offer $500M senior secured notes due 2033, refinance term loan and redeem 5.750% notes due 2028

McGraw Hill, Inc.

McGraw-Hill Education intends to offer $500M aggregate principal of senior secured notes due 2033, guaranteed by parent Mav Intermediate Holding II and certain subsidiaries.
New first lien senior secured term loan B of $830M due 2033 would refinance the existing term loan; revolver commitments raised to $150M and maturity extended to 2031.
ABL revolving credit agreement maturity also extended to 2031 as part of the Credit Facilities Refinancing.
Proceeds will redeem in full the outstanding 5.750% Secured Notes due 2028, with redemption expected October 9, 2026, conditioned on closing the offering.
Company expects to voluntarily prepay $50M under the existing term loan on or before September 30, 2026.

This headline and bullets were generated automatically by deepseek-v4.1-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.