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McGraw-Hill (MHP) Unit Announces $1.05B Debt Offering

March 8, 2013 8:01 AM EST Send to a Friend
McGraw-Hill Global Education Holdings, LLC ("MH Global Education") and McGraw-Hill Global Education Finance, Inc., entities formed by investment funds affiliated with Apollo Global Management, LLC (NYSE: APO) (collectively with its subsidiaries, "Apollo"), announced today the launch of an offering of [$1.05] billion aggregate principal amount of first priority senior secured notes due 2021 (the "notes") in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The net proceeds from the offering will be used to fund a portion of the acquisition consideration for the previously announced acquisition of the McGraw-Hill Education business of The McGraw-Hill Companies, Inc. (NYSE: MHP) by investment funds affiliated with Apollo. The offering is subject to market conditions and other factors.

The notes are being offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act, and outside the United States, only to non-U.S. investors pursuant to Regulation S. The notes will not be initially registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent an effective registration statement or an applicable exemption from registration requirements or a transaction not subject to the registration requirements of the Securities Act or any state securities laws.




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