McGraw Hill SEC Filings

McGraw Hill, Inc. disclosed a material amendment to its existing credit agreement: Seventh Amendment executed as of September 8, 2025 between the borrower, McGraw-Hill Education, Inc. (an indirect wholly owned subsidiary), the borrowers parent MAV Intermediate Holding II Corporation, certain guarantor subsidiaries, the lenders and swingline lenders, and Bank of America, N.A. acting as administrative and collateral agent. The filing references the original Credit Agreement dated July 30, 2021 and notes a press release dated September 9, 2025. Signature authority on the filing is shown as David Stafford, Executive Vice President, General Counsel, and Secretary. The document notifies investors of a contractual amendment but does not disclose the amendments financial terms or covenants in the provided text.

McGraw Hill, Inc. reported revenue of $535.7 million for the three months ended June 30, 2025, a modest increase from $522.9 million a year earlier. Gross profit rose to $412.3 million, and operating income improved to $96.2 million from $75.8 million, driven by slightly lower total operating expenses and reduced amortization of intangibles.

Interest expense (income), net, declined to $58.8 million from $80.9 million, producing income before taxes of $37.5 million. After a tax provision of $36.9 million, net income was $0.5 million and diluted earnings per share were reported as $0.00. Cash and cash equivalents declined to $247.3 million from $389.8 million, and operating activities used $96.7 million of cash, largely reflecting a $105.3 million increase in accounts receivable and changes in deferred revenue. Total debt outstanding remained about $3.275 billion while total stockholders' equity was $283.3 million with an accumulated deficit of $(1,280.7) million. Key balance-sheet items include goodwill of $2.558 billion and intangible assets net of amortization of $1.397 billion.

McGraw Hill, Inc. furnished a press release dated August 14, 2025 announcing its results for the fiscal quarter ended June 30, 2025. The company attached that press release as Exhibit 99.1 to this Form 8-K and included a Cover Page Interactive Data File (iXBRL) as Exhibit 104. The filing states the information is being furnished, not filed, and therefore is not subject to Section 18 liabilities under the Exchange Act. The report is signed by David Stafford, Executive Vice President, General Counsel, and Secretary.

The 8-K notifies investors that results were released but does not itself include the financial figures; the full details are contained in the attached press release (Exhibit 99.1).