(New York, 3 February 2014 /Prnewswire) Cengage Learning, Inc., a leading educational content, software and services company for the academic, professional and library markets worldwide, announced today that Cengage Learning (including certain domestic affiliates) have reached an agreement with the company’s major financial stakeholders and creditors regarding the terms of an amended Plan of Reorganization (“Plan”) that will allow Cengage Learning to restructure its balance sheet and significantly reduce its outstanding debt to position the company for long‐term growth and profitability.
The press release is here.
