Cambium Learning to repay loan and notes with new bond deal, revolver

By Sara Rosenberg

New York, Feb. 11 - Cambium Learning Group Inc. plans on repaying all borrowings under its existing secured credit facility and senior unsecured notes using proceeds from a $175 million senior secured notes offering and a new $40 million asset-based revolver, according to a news release.

Remaining proceeds will be used for general corporate purposes.

Completion of the notes is subject to completion of the new revolver.

Cambium is a Dallas-based provider of research-based education services for students in pre-K through 12th grade.

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