+ Create post

McGraw Hill proposes $500 million bond issue in broader refinancing

McGraw Hill ($MH) launched a proposed $500 million offering of senior secured notes due in 2033 as part of a wider debt refinancing. The package also contemplates an $830 million first-lien term loan due in 2033, a $150 million revolving facility due in 2031 and an extension of its asset-based facility to 2031. The company intends to refinance its existing term loan and retire its 5.75% notes due in 2028, extending important debt maturities. The proposed bond’s coupon and final terms had not bee

0
0

McGraw Hill acquires TeachFX to expand AI-assisted teacher coaching

McGraw Hill ($MH) acquired TeachFX, a classroom-audio platform that uses AI to provide teachers with feedback on instructional practices and student participation. The platform is intended to help educators review patterns in classroom conversations and identify opportunities to improve teaching. District-level tools provide aggregated information while the individual coaching experience is designed around private teacher feedback. The acquisition expands McGraw Hill’s education-technology portf

0
0