
	Maturity	June 30, 2026		March 31, 2026
A&E Term Loan Facility	August 2031	$	551,547	$	554,840
2022 Secured Notes	August 2028	828,466		828,466
2022 Unsecured Notes	August 2029	599,034		599,034
2024 Secured Notes	September 2031	650,000		650,000
Total debt outstanding		2,629,047		2,632,340
Less: unamortized debt discount		(44,923)		(48,089)
Less: unamortized deferred financing costs		(9,684)		(10,383)
Less: current portion of long-term debt		(13,170)		(13,170)
Long-term debt		$	2,561,270	$	2,560,698

McGraw-Hill Education, Inc. and certain subsidiaries entered into a credit agreement dated July 30, 2021 (as amended from time to time, the “Cash Flow Credit Agreement”), which provides for (i) a term loan facility that matures on August 6, 2031 (the “A&E Term Loan Facility”) and (ii) a revolving credit facility, which consists of $111,250 of capacity maturing on August 6, 2029 (the “A&E Cash Flow Revolving Facility”) and $38,750 of capacity that matures on July 30, 2026 (the “Non-Extended Cash Flow Revolver Facility”). There were no amendments to the Cash Flow Credit Agreement during the three months ended June 30, 2026.

As of June 30, 2026, the interest rate for the A&E Term Loan Facility was 6.394% per annum. As of June 30, 2026, the amount available under the A&E Cash Flow Revolving Facility and the Non-Extended Cash Flow Revolver Facility was $111,250 and $38,750, respectively, and there were no outstanding borrowings under either facility.

McGraw-Hill Education, Inc. and certain subsidiaries entered into a revolving credit agreement dated July 30, 2021 (as amended from time to time, the “ABL Revolving Credit Agreement”), which provides for (i) a U.S. revolving credit facility of $265,000 and (ii) a non-U.S. revolving credit facility of $35,000 (together, the “A&E ABL Revolving Credit Facilities”). The A&E ABL Revolving Credit Facilities will mature on August 6, 2029 and are not subject to amortization. There were no amendments to the ABL Revolving

As of June 30, 2026, the amount available under the A&E ABL Revolving Credit Facilities was $300,000, subject to borrowing base capacity pursuant to the terms of the ABL Revolving Credit Agreement. Availability under the A&E ABL Revolving Credit Facilities excludes amounts outstanding for letters of credit in the amount of $5,360.