Cambium Learning to launch $350 million add-on term loan on Tuesday

By Sara Rosenberg

New York, March 8 – Cambium Learning Group will hold a lender call at 1 p.m. ET on Tuesday to launch a fungible $350 million add-on first-lien term loan, according to a market source.

RBC Capital Markets is the lead on the deal.

Proceeds will be used to refinance $348 million of existing second-lien term loans.

Pro forma for the transaction, the first-lien term loan will total about $1.3 billion.

Cambium is a Dallas-based end-to-end provider of K-12 instructional and assessment solutions.

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