Cengage Learning reaches agreement with lenders to restructure balance sheet and strengthen financial position
(Stamford, CT, 2 July 2013) Cengage Learning, Inc. today announced an agreement with certain of its lenders to restructure its balance sheet and significantly reduce its approximately USD5.8 billion of outstanding debt to better position the Company for long-term growth and profitability. In order to implement the financial restructuring, Cengage Learning and all of its domestic wholly-owned…