Houghton Mifflin plans $250 million more debt to fund stock buyback

By Susanna Moon

Chicago, Nov. 5 – Houghton Mifflin Harcourt said it plans to boost its debt by another $250 million, subject to market conditions.

Proceeds will be used to fund some of the company’s share repurchases under the stock buyback program among other general corporate purposes, according to the company’s earnings results for the third quarter ended Sept. 30.

Houghton Mifflin Harcourt is a Boston-based provider of pre-K-12 education content, services and technology solutions.

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