08:58 AM EDT, 09/09/2025 (MT Newswires) -- McGraw Hill ( MH ) said Tuesday its indirect subsidiary McGraw-Hill Education completed the repricing of its credit agreement, lowering the interest rate by 50 basis points to Term Secured Overnight Financing Rate plus 2.75%.

The interest rate may be reduced by an additional 25 basis points if McGraw-Hill Education maintains ratings of at least B+, with stable or better outlook, from S&P and at least B1, with stable or better outlook, from Moody's Investor Service, according to a statement.

There is no change to the maturity of the credit agreement, McGraw Hill ( MH ) said.

McGraw Hill ( MH ) Chief Financial Officer Bob Sallmann said the repricing, along with a recent term loan prepayment, reduced the company's annual interest expense by over $30 million.