BTIG reiterates Buy rating on McGraw Hill, $17 price target

McGraw Hill completed a refinancing, issuing $400M 8% notes due 2033, a $930M term loan, and extending its ABL revolver to 2031. Proceeds redeemed 5.750% notes due 2028 and refinanced prior debt, aiming to extend maturities and enhance liquidity.

McGraw Hill (NYSE:MH) refinanced debt, extending maturities to 2033. Its subsidiary issued $400M in 8% notes and $930M in term loans, redeeming 5.75% notes due 2028. The company also extended credit facilities to 2031, increased commitments, and reduced interest rates. McGraw Hill aims to maintain a net debt to EBITDA ratio of 2.0-2.5x.

McGraw Hill (MH) completed a $1.33B refinancing, issuing $400M 8.000% senior secured notes due 2033 and a $930M term loan. Proceeds were used to redeem 5.750% notes due 2028 and refinance its term loan, extending revolving credit facilities to Oct. 2031. According to the company, this move is part of a balance sheet management strategy.

McGraw Hill, Inc. (MH) filed an SEC Form 8-K — Regulation FD Disclosure. Exhibit 99.1 McGraw Hill, Inc. Announces Proposed Offering of Senior Secured Notes and Refinancing of Credit Facilities COLUMBUS, Ohio, September 25, 2026 – McGraw Hill, Inc. (the “Company”) announced today that McGraw-Hill Education, Inc., the Company’s wholly-owned subsidiary (

McGraw Hill (MH) reported Q1 2027 adjusted EBITDA of $207M (37.7% margin) and net income of $58M. The company highlighted growth in higher education and K-12 segments, driven by Science of Reading and new literacy programs. MH also expanded into dyslexia screening and medical AI tools, with strong adoption and growth opportunities in international markets. AI integration is a key focus, with 8 live AI learning tools serving 7.5M users.

Investing.com reports McGraw Hill (MH) shares rose about 6.7% in pre-open after fiscal Q1 2027 results beat forecasts. Adjusted EPS was $0.59 vs $0.48 consensus, and revenue was $549.9 million vs $532 million. Higher Education revenue grew 9.6% to $199.8 million, and recurring revenue rose 9.8% to $425.6 million.