Houghton Mifflin Harcourt Announces Commencement of Asset Sale Offer and Collateral Asset Sale Offer to Purchase Up to $158 Million of Senior Secured Notes
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BOSTON, May 11, 2021 /PRNewswire/ Learning technology leader Houghton Mifflin Harcourt ( HMH or the Company ) (Nasdaq: HMHC) announced today that its wholly owned subsidiaries, Houghton Mifflin Harcourt Publishers Inc., Houghton Mifflin Harcourt Publishing Company and HMH Publishers LLC, are commencing a cash tender offer (the Asset Sale Offer ) to purchase up to $158 million aggregate principal amount (the Offer Amount ) of their 9.000% Senior Secured Notes due 2025 (the Notes ), at a purchase price of 100% of the principal amount thereof plus accrued and unpaid interest to, but not including, the purchase date.