McGraw-Hill Education Announces Notes Offering

12/6/17

McGraw-Hill Education, Inc. announced today that its wholly owned subsidiaries, MHGE Parent, LLC and MHGE Parent Finance, Inc. intend to offer $250 million aggregate principal amount of Senior PIK Toggle Notes due 2022 in a private placement.

The Issuers intend to use the proceeds from this private offering together with cash on hand and a distribution from its wholly owned subsidiary, McGraw-Hill Global Education Holdings, LLC, of a portion of the proceeds of an incremental $150 million term loan under MHGE's existing credit facility, to refinance the Issuers' Senior PIK Toggle Notes due 2019 and to pay related fees and expenses.

About McGraw-Hill Education

McGraw-Hill Education is a learning science company that delivers personalized learning experiences that help students, parents, educators and professionals drive results. McGraw-Hill Education has offices across North America, India, China, Europe, the Middle East and South America, and makes its learning solutions available in more than 60 languages.

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