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home / news releases / HMHC - Houghton Mifflin Harcourt commences asset sale offer to purchase $158M senior notes

HMHC - Houghton Mifflin Harcourt commences asset sale offer to purchase $158M senior notes

Houghton Mifflin Harcourt Company
Houghton Mifflin Harcourt (HMHC) wholly owned subsidiaries, Houghton Mifflin Harcourt Publishers, Houghton Mifflin Harcourt Publishing and HMH Publishers commenced a cash tender offer to purchase up to $158M principal amount of its 9.000% Senior Secured Notes due 2025, at a purchase price of 100% of the principal amount.Books & Media Asset Sale constituted an asset sale requiring an asset sale offer and collateral asset sale offer under the Indenture. The source of funds is cash on hand from the proceeds of the Books & Media Asset Sale.The offer will expire on June 8.Shares trade 7.1% down premarket

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Houghton Mifflin Harcourt commences asset sale offer to purchase $158M senior notes
Stock Information
Company Name: Houghton Mifflin Harcourt Company
Stock Symbol: HMHC
Market: NASDAQ
Website: hmhco.com
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