McGraw Hill subsidiary repays $150 million under existing term loan

Rhea-AI Filing Summary

McGraw Hill, Inc. reported that its indirect wholly owned subsidiary, McGraw-Hill Education, Inc., paid down $150 million of its Term Loan on October 16, 2025. The repayment was made under the existing credit agreement originally dated July 30, 2021, with Bank of America, N.A. serving as administrative and collateral agent. A press release announcing the paydown was furnished as Exhibit 99.1 under Item 7.01.

Insights

Capital Structure Analyst

Debt reduced by $150 million via term loan paydown; modestly de-risking capital structure and lowering future interest burden.

McGraw-Hill Education, Inc., an indirect wholly owned subsidiary of McGraw Hill, Inc., paid down $150 million of its Term Loan on October 16, 2025. The payment was made under the existing credit agreement originally dated July 30, 2021 and subsequently amended multiple times. This action directly reduces outstanding principal on the Term Loan and, by definition, the associated future interest on that repaid principal.

The disclosure is furnished under Item 7.01 (Regulation FD) and includes a press release as Exhibit 99.1, which means it is not deemed "filed" for Exchange Act Section 18 liability. While the filing does not quantify remaining borrowings or terms, a paydown of this size generally tightens the liability profile and can ease refinancing needs tied to that facility.

Key items to monitor in upcoming reports: updated total debt and liquidity, any changes to the credit agreement from prior amendments, and interest expense trends following the $150 million reduction. The next periodic filing after October 2025 should provide clearer visibility on debt balances and any knock-on effects.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 16, 2025

McGraw Hill, Inc.

(Exact name of registrant as specified in its charter)

Delaware

(State or other jurisdiction of incorporation)

001-42764

(Commission File Number)

87-1259704

(I.R.S. Employer Identification No.)

8787 Orion Place Columbus, OH 43240

(Address of principal executive offices and zip code)

614-430-4000

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading symbol(s)		Name of each exchange on which registered
Common stock, par value $0.001		MH		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01 Regulation FD Disclosure.

On October 16, 2025, McGraw-Hill Education, Inc., a Delaware corporation (the “Borrower”), an indirect wholly owned subsidiary of McGraw Hill, Inc., a Delaware corporation (the “Company”), announced that it had paid down $150 million of its term loan (the “Term Loan”) under that certain credit agreement, dated as of July 30, 2021, as amended by Amendment No.1, dated as of November 1, 2021, Amendment No. 2, dated as of June 26, 2023, Amendment No. 3, dated as of June 27, 2023, Amendment No. 4, dated as of June 27, 2024, Amendment No. 5, dated as of August 6, 2024, Amendment No. 6, dated as of February 6, 2025, Amendment No. 7, dated as of September 8, 2025, and as may be further amended, restated, amended and restated, supplemented or otherwise modified from to time, by and among MAV Intermediate Holding II Corporation, a Delaware corporation, MAV Acquisition Corporation, a Delaware corporation, and following the Closing Date Merger (as defined therein), the Borrower, the Lenders party thereto from time to time and Bank of America, N.A., as the administrative agent, the collateral agent and swingline lender.

A copy of the press release announcing the Borrower’s paydown of the Term Loan on October 16, 2025 is furnished as Exhibit 99.1 hereto.

The information in this Item 7.01 and Exhibit 99.1 hereto are furnished solely pursuant to Item 7.01 of this Form 8-K. Consequently, they shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, unless such subsequent filing specifically references this Form 8-K.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

The following exhibits are being filed with this Current Report on Form 8-K:

99.1		Press Release, dated as of October 16, 2025
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: October 16, 2025

MCGRAW HILL, INC.
By:		/s/ David Stafford
Name:		David Stafford
Title:		Executive Vice President, General Counsel and Secretary

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FAQ

What did McGraw Hill (MH) announce?

Its subsidiary, McGraw-Hill Education, Inc., paid down $150 million of its Term Loan on October 16, 2025.

Which entity made the payment for McGraw Hill (MH)?

The payment was made by McGraw-Hill Education, Inc., an indirect wholly owned subsidiary of McGraw Hill, Inc.

How much debt did McGraw Hill (MH) repay?

The company reported a Term Loan paydown of $150 million.

Under which agreement was the Term Loan paydown made?

It was made under the credit agreement dated July 30, 2021, as amended, with Bank of America, N.A. as administrative and collateral agent.

Where can I find more details about McGraw Hill’s (MH) paydown?

A press release was furnished as Exhibit 99.1 under Item 7.01.

What form reported McGraw Hill’s (MH) announcement?

The update was included in an 8-K furnished under Item 7.01.