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Graham to Offer $500 Million of Senior Notes, Boost Credit Facility to $400 Million

BY MT Newswires | CORPORATE | 11/12/25 08:50 AM EST

08:50 AM EST, 11/12/2025 (MT Newswires) -- Graham Holdings (GHC) said Wednesday it plans to launch a $500 million private offering of senior unsecured notes due 2033.

The company said it also intends to amend and restate its revolving credit facility, increasing total commitments to $400 million.

Graham said it intends to use the net proceeds from the offering, together with the borrowings under the amended revolving credit facility, to redeem all of its outstanding 5.750% notes due 2026, refinance outstanding revolving loans under the existing revolving credit facility, and repay all amounts outstanding under its existing $150 million term loan facility.

Graham shares were 0.8% higher in premarket trading.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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