Graham Holdings Company $(GHC)$ has announced its intention to offer $500 million in aggregate principal amount of senior unsecured notes due 2033. The notes will be guaranteed on a senior unsecured basis by certain existing and future domestic subsidiaries of the company. Substantially concurrently, Graham Holdings plans to amend and restate its revolving credit facility, increasing total commitments to $400 million. The offering of the notes is not conditioned on the closing of the amended revolving credit facility, but the closing of the amendment is conditioned on the successful offering of the notes. The notes and related guarantees will be offered only to qualified institutional buyers in the U.S. under Rule 144A and outside the U.S. in reliance on Regulation S. If completed, net proceeds from the offering, along with borrowings under the amended revolving credit facility, will be used to redeem all outstanding 5.750% notes due 2026, refinance outstanding revolving loans, repay amounts under the existing $150 million term loan facility, and pay related fees and expenses. No price, specific maturity date (other than 2033), or interest rate for the new notes was disclosed in the announcement. The full prospectus URL is not included in the document.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Graham Holdings Company published the original content used to generate this news brief via Business Wire (Ref. ID: 20251111069597) on November 12, 2025, and is solely responsible for the information contained therein.
Comments