---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-051331"
form_type: "8-K"
ticker: "GHC"
cik: "0000104889"
company_name: "Graham Holdings Co"
filed_at: "2025-11-12T23:59:59+00:00"
generated_at: "2026-05-16T20:51:07.989054+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Graham Holdings announces $500M senior notes offering; proceeds to refinance 2026 notes and term loan

## Summary
- Offers $500M senior unsecured notes due 2033; guaranteed by certain domestic subsidiaries.
- Concurrent amendment to increase revolver commitments to $400M; closing contingent on notes offering.
- Proceeds together with revolver borrowings to redeem all $150M 5.750% notes due 2026.
- Also repay existing term loan facility of $150M and outstanding revolver loans.
- Notes offered under Rule 144A/Reg S; not registered under Securities Act.

## SEC filing metadata
- accession: 0001628280-25-051331
- form_type: 8-K
- ticker: GHC
- cik: 0000104889
- company_name: Graham Holdings Co
- filed_at: 2025-11-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/104889/000162828025051331/0001628280-25-051331-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/104889/000162828025051331/ghc-20251112.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-051331
- JSON: https://secwatch.observer/filing/0001628280-25-051331.json
- Plain text: https://secwatch.observer/filing/0001628280-25-051331.txt

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