- Houghton Mifflin Harcourt (NASDAQ: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
Houghton Mifflin Harcourt commences asset sale offer to purchase $158M senior notes
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