MH news

McGraw Hill Education Inc. will issue $400 million in senior secured notes due 2033, increasing leverage as the company prepares to spin off its higher education assets.

McGraw Hill Education intends to offer $500M in senior secured notes due 2033 to redeem maturing debt and refinance credit facilities, indicating a management-led debt restructuring.

McGraw Hill reported fiscal year 2026 revenue of $2.1B with recurring revenue up 5.8% and returned to profitability with $35.3M net income. The company is positioned for accelerated growth in FY2027 with strong digital engagement, reduced debt, and expanding margins.