Every material Form 8-K McGraw Hill, Inc. has filed with the SEC since September 25, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
McGraw Hill reported fiscal second quarter 2027 results for the period ended September 30, 2026. Revenue fell 5.5% year over year to $632.2 million, net income declined to $86.4 million from $105.3 million, and adjusted EBITDA dropped to $250.6 million from $286.4 million. The company reaffirmed its fiscal 2027 guidance, which shareholders will watch for signs of the expected revenue recovery.
Q2 revenue of $632.2 million, down 5.5% from $669.2 million a year earlier; year-to-date revenue down 1.9%
GAAP net income of $86.4 million, versus $105.3 million in the prior-year quarter; diluted EPS $0.45 versus $0.57
Adjusted EBITDA of $250.6 million (39.6% margin), versus $286.4 million (42.8% margin) a year earlier
Fiscal 2027 guidance reaffirmed: revenue $2.115 billion to $2.175 billion; adjusted EBITDA $750 million to $790 million
McGraw Hill's subsidiary completed a $400 million offering of 8.000% senior secured notes due 2033 and $930 million of term loans on October 9, 2026, using the proceeds to redeem its 5.750% notes due 2028 and refinance its existing term loan. The company said the transactions extend debt maturities and reduce the revolver's interest rate, and that it continues to reduce gross debt. The filing reports no earnings or guidance figures, so the effect on profitability is not stated.
$400 million of 8.000% senior secured notes due 2033 issued by McGraw-Hill Education, Inc., with interest payable January 15 and July 15 starting July 15, 2027
$930 million A&E Term Loan Facility maturing October 7, 2033, bearing interest at SOFR plus 2.75%
Revolving credit facility commitments set at $150 million and extended to October 9, 2031
On September 30, 2026, the company prepaid $50 million of term loan principal
McGraw-Hill Education, a wholly owned subsidiary of McGraw Hill, intends, subject to market conditions, to offer $500 million of senior secured notes due 2033 in a private offering. Proceeds, along with an $830 million term loan B due 2033, would redeem its 5.750% Secured Notes due 2028 and refinance its existing term loan, with the revolving credit facility and ABL revolver maturities extended to 2031. The filing does not state pricing or final terms, and the redemption is conditioned on closing the offering.
$500 million senior secured notes due 2033 offered in a private offering, subject to market conditions
New $830 million term loan B due 2033 to refinance the existing term loan; revolving commitments increased to $150 million with maturity extended to 2031
Conditional redemption of 5.750% Secured Notes due 2028 expected on October 9, 2026
Company expects to voluntarily prepay $50 million under the existing term loan on or before September 30, 2026
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
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