Distressed Debt News: McGraw-Hill Financing Creates Company at Different Comp, Cengage-Watchers Note

(via www.distressed-debt-investing.com)

Details about the upcoming financing for McGraw-Hill Education’s buyout by Apollo Global Management could place pressure on Cengage’s capital structure, according to sources.

The financing, which consists of a $1 billion bond, a $560 million term loan and a $240 million revolver – and now $950...

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