McGraw-Hill Global Education to prepay $72.5 million of term loans

By Marisa Wong

Morgantown, W.Va., March 23 – McGraw-Hill Global Education Holdings, LLC announced it will prepay $72.5 million of its term loans due 2019 on April 1.

The company said it plans to use free cash flow generated from operations to prepay the loans.

Including this payment, the company will have prepaid about $189 million of its term loans, in addition to scheduled amortization, since 2013.

McGraw-Hill is a New York-based learning science company that publishes content targeted at higher education markets.

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