Houghton Mifflin pays down debt via proceeds of consumer publishing business

By Wendy Van Sickle

Columbus, Ohio, June 15 – Houghton Mifflin Harcourt Publishers Inc. paid down $337 million of the principal amount of its outstanding debt with proceeds of its recent divestiture of its HMH Books & Media consumer publishing business, according to a news release.

The company reported it has, since June 8, reduced the outstanding principal amount of its senior secured notes due 2025 to approximately $303 million and, through a combination of mandatory and voluntary prepayments, reduced the outstanding principal amount of its senior secured term loan facility due 2024 to approximately $22 million.

All prepayments were completed at 100% of the principal amount.

The Boston-based company is a provider of K-12 curriculum and professional learning services.

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