---
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"
generated_at: "2026-10-12T15:07:34.322206+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# McGraw Hill completes refinancing: $400M 8.000% notes due 2033, $930M term loan, redeems 5.750% notes due 2028

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-419151
- JSON: https://secwatch.observer/filing/0001193125-26-419151.json
- Plain text: https://secwatch.observer/filing/0001193125-26-419151.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.