{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-419151","form_type":"8-K","ticker":"MH","cik":"0001951070","company_name":"McGraw Hill, Inc.","filed_at":"2026-10-09T20:29:22+00:00","discovered_at":"2026-10-09T20:30:00.298168+00:00","generated_at":"2026-10-12T15:07:34.322206+00:00","sec_items":["1.01","2.03","7.01","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"McGraw Hill completes refinancing: $400M 8.000% notes due 2033, $930M term loan, redeems 5.750% notes due 2028","bullets":["Subsidiary McGraw-Hill Education sold $400M of 8.000% senior secured notes due 2033; proceeds redeemed in full the 5.750% Secured Notes due 2028 and refinanced the existing term loan.","New $930M senior secured term loan facility matures October 7, 2033, amortizing in $2.325M quarterly installments; interest at SOFR+2.75% or base rate+1.75%.","Cash flow revolver expanded to $150M from $111M and, along with the ABL credit facility, maturity extended to October 9, 2031.","Company prepaid $50M of term loan principal on September 30, 2026; CFO Bob Sallmann reaffirmed a net debt to Adjusted EBITDA target of 2.0-2.5x.","Notes callable at 103% for up to 10% per year and at a make-whole price prior to October 15, 2029; issuer cites recent rating agency upgrades."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-419151","json":"https://secwatch.observer/filing/0001193125-26-419151.json","markdown":"https://secwatch.observer/filing/0001193125-26-419151.md","text":"https://secwatch.observer/filing/0001193125-26-419151.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1951070/000119312526419151/0001193125-26-419151-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1951070/000119312526419151/d147687d8k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T15:07:34.322206+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}