McGraw Hill has announced it had entered into a transaction support agreement that would extend its debt maturity through late 2024. Its revolving credit facility would also be extended, to November 2023. “The Transaction will address upcoming maturities and reduce First Lien leverage without materially increasing total leverage or cash interest expense,” according to a company report. The refinancing plan still requires additional approvals from first lien term loan holders. The company’s annual report, released in June, noted “substantial indebtedness” as a risk factor, “restrict[ing] our ability to react to changes in the economy or our industry and expos[ing] us […]