Cengage Learning Inc

Deals

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
USD620.0008Jun-24Sr. UnsecuredCaa1CCC+-FixedYLD-9.25-9.5%-9.50%-100.00000
Tranche Comments
8 yr: First Pay: 2016-12-15; Registration: 144A/Reg S; Comments: USD620m Caa1/CCC+, Downsized to US$620m from (US$740m) 8-year nc3 senior unsecured notes via MS(left)/CS/BMO/CITI/GS/WFS/DB/KKR. Price Talk: 9.25-9.50%. MWC+50bp. Equity claw up to 40% @ 109.500% prior to 6/15/19. CoC: 101%. Settle T+7.;
Use of Proceeds
Repay notes
Refinancing
Yes

B&I

BWICS & Inventory

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TRACE

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Research