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AI brief of an SEC Form 8-K · McGraw Hill, Inc. (MH)

McGraw Hill completes $400 million notes sale and $930 million term loan refinancing

Neutral Impact 3 of 5 financing Written later

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.

Key points

  • $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

The filing

CompanyMcGraw Hill, Inc. (MH)
Form8-K, current report
Filed with the SECOct 9, 2026, 4:29 PM ET
Accession number0001193125-26-419151

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation7.01 Regulation FD Disclosure8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 09, 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.