MHGE Parent, LLC -- Moody's affirms McGraw-Hill Global Education's Caa1 for proposed $100 million add-on to MHGE Parent notes and affirms B2 CFR; outlook stable

New York, April 01, 2015 -- Moody's Investors Service ("Moody's") affirmed the Caa1 for the proposed $100 million incremental HoldCo notes of MHGE Parent, LLC ("MHGE") and MHGE Parent Finance, Inc., the parent entities of McGraw-Hill Global Education Holdings, LLC. Net proceeds from the HoldCo notes will provide roughly $97 million towards a special dividend to existing shareholders. The outlook is stable. These rating actions are subject to review of final documentation and no meaningful change in conditions of the proposed transaction as advised to Moody's.

Vollständigen Artikel bei Moodys lesen