debt
confidence high
sentiment neutral
materiality 0.60
Graham Holdings prices $500M notes at 5.625% due 2033; to redeem 2026 notes and refinance debt
Graham Holdings Co
- $500M senior unsecured notes priced at 100% par, 5.625% coupon, due Dec 1, 2033.
- Concurrently amends revolver, increasing commitments to $400M; closing conditioned on note offering.
- Proceeds (with revolver borrowings) to redeem 5.75% 2026 notes, repay $150M term loan, pay fees.
- Closing scheduled for Nov 24, 2025, subject to customary conditions.