Distressed Debt News: McGraw-Hill Financing Creates Company at Different Comp, Cengage-Watchers Note
By DistressedDebtI... on Wed, 2013-03-06 15:01
(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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