The McGraw-Hill Companies (NYSE:
MHP) commented on the launching of bank debt financing to support the
previously disclosed purchase by investment funds affiliated with Apollo Global
Management, LLC (NYSE: APO) of the McGraw-Hill education business.
"We are pleased with the
progress that is being made to secure funding, that the sale of McGraw-Hill
Education is now an all-cash deal, and that the transaction is expected to
close before the end of this month."
