Graham Holdings Company Announces Pricing of $400 Million Private Offering of Senior Notes
The Notes will have a coupon of 5.75% per annum, payable semi-annually on
The Company intends to use the net proceeds from the offering, together with cash on hand, to redeem all
The Notes and related guarantees have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws, and may not be offered or sold in
This announcement does not constitute an offer to sell or a solicitation of an offer to buy any of the foregoing securities, nor shall there be any offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.
Certain statements in this announcement, including statements regarding the offering of the Notes and the Company’s intended use for the proceeds of the offering, may contain certain forward-looking statements that are based largely on the Company’s current expectations. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results and achievements to differ materially from those expressed in the forward-looking statements. Such forward-looking statements only speak as of the date of this announcement, and the Company disclaims any obligation to update information contained in these forward-looking statements.
Graham Holdings Company
Wallace R. Cooney