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McGraw Hill, Inc. Announces Further Deleveraging with Additional $150 Million of Debt Reduction

McGraw Hill, Inc. (MH) 
Company Research Source: Business Wire
COLUMBUS, Ohio--(BUSINESS WIRE)--McGraw Hill, Inc. (NYSE: MH) (“McGraw Hill” or the “Company”) today announced that it has successfully strengthened its balance sheet with a $150 million prepayment of principal under its outstanding term loan facility (the “Term Loan”).With this paydown, since its initial public offering in July of 2025, McGraw Hill has made principal payments under the Term Loan of $539 million, bringing the outstanding balance thereunder to approximately $618 million.“Gross debt reduction remains a top financial priority for McGraw Hill, and we believe that our continued deleveraging demonstrates the strength of our business,” said Bob Sallmann, McGraw Hill’s Executive Vice President and Chief Financial Officer. “Combined with our previous debt paydown using proceeds from our initial public offering and the subsequent repricing of our term loan facility, we now expect to realize just over $40 million in annualized cash interest savings. We believe that this prep Show less Read more
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