Apollo's McGraw-Hill Education Taps High Yield Bond Mart For 3rd Time (2nd Dividend) |
| April 02, 2015 | April 2015 Bond Updates |
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McGraw Hill Global Education is back in the high yield bond market after roughly nine months for an add-on to PIK-toggle notes at MHGE Parent to fund a third shareholder dividend to the Apollo-controlled firm. A $100 million tack-on to its 8.5% senior PIK-toggle notes due 2019 is expected to be completed this afternoon, following an investor call at 11:00 a.m. EDT, according to sources. |
| View more at: http://www.forbes.com/sites/spleverage/2015/04/01/apollos-mcgraw-hill-education-taps-high-yield-bond-mart-for-3rd-time-3rd-dividend/ |
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