McGraw Hill, Inc. Announces Completion of Term Loan Repricing (Form 8-K)

McGraw Hill, Inc. Announces Completion of Term Loan Repricing

Columbus, OH, - September 9, 2025 - McGraw Hill, Inc. (NYSE: MH) ("McGraw Hill" or the "Company"), a leading global provider of education solutions for preK-12, higher education and professional learning, today announced that McGraw-Hill Education, Inc., an indirect wholly owned subsidiary of the Company (the "Borrower"), successfully completed the repricing (the "Repricing Transaction") of its Credit Agreement, dated as of July 30, 2021 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the "Credit Agreement").

The Repricing Transaction reduces the applicable interest rate under the Credit Agreement (the "Interest Rate") by 50 basis points from Term SOFR plus 3.25% to Term SOFR plus 2.75%. The Interest Rate may be reduced by an additional 25 basis points if, and for so long as, the Borrower maintains ratings of at least B+ (with stable or better outlook) from S&P and at least B1 (with stable or better outlook) from Moody's Investor Service, Inc. Following the Repricing Transaction, there is no change to the maturity of the Credit Agreement, and all other terms of the Credit Agreement are substantially the same.

Previously, following the Company's recently completed initial public offering on July 25, 2025, the Borrower elected to prepay approximately $385 million of principal amount of its existing senior secured first lien term loan facility due 2031 (the "Existing Term Loan") using net proceeds from the offering, reducing the principal amount of the Existing Term Loan from $1,157 million to $771 million.

"Following the term loan prepayment made in conjunction with the Company's initial public offering in July of 2025, we believe that McGraw Hill's repricing of its term loan demonstrates the continued optimization of our capital structure. Between the recent term loan prepayment and this successful repricing effort, we have reduced our annualized interest expense by over $30 million," said Bob Sallmann, Chief Financial Officer of McGraw Hill. "We remain committed to executing on our goal of strengthening our balance sheet by reducing our debt and our cash interest obligations."

About McGraw Hill

McGraw Hill (NYSE: MH) is a leading global provider of education solutions for preK-12, higher education and professional learning, supporting the evolving needs of millions of educators and students around the world. We provide trusted, high-quality content and personalized learning experiences that use data, technology and learning science to help students progress towards their goals. Through our commitment to fostering a culture of innovation and belonging, we are dedicated to improving outcomes and access to education for all. We have over 30 offices across North America, Asia, Australia, Europe, the Middle East and South America, and make our learning solutions available in more than 80 languages. The Company's fiscal year is a 52-week period ended March 31. Visit us at mheducation.com or find us on Facebook, Instagram, LinkedIn or X.