other_material
confidence high
sentiment neutral
materiality 0.75
McGraw Hill prices IPO at $17.00/share; net proceeds $385.7M to repay debt
McGraw Hill, Inc.
- IPO of 24.39M shares at $17.00; net proceeds ~$385.7M after discounts and expenses.
- Shares begin trading on NYSE under 'MH' on July 24, 2025; closed July 25.
- Proceeds used to repay outstanding borrowings under term loan credit facility.
- Selling stockholder granted underwriters 30-day over-allotment option for 3.66M additional shares.
- Goldman Sachs lead bookrunner; BMO, J.P. Morgan, Macquarie, Morgan Stanley, Deutsche Bank, UBS also bookrunners.
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