Wiley plans revolver drawdown to finance Learning House acquisition

By Susanna Moon

Chicago, Oct. 9 – John Wiley & Sons, Inc. plans to draw from its $1.1 billion revolving credit facility to fund its planned acquisition of Learning House.

The company has signed a definitive agreement to acquire Learning House from Weld North Holdings for $200 million in cash, according to an 8-K filing with the Securities and Exchange Commission.

Wiley is a publishing company based in Hoboken, N.J. Learning House provides online program management services for colleges and universities and is based in Louisville, Ky.

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