TITLE

$145M In New Financing Lifts Financial Burden At K-12 Supplemental Publisher WRC Media

PUB. DATE
April 2004
SOURCE
Educational Marketer;4/12/2004, Vol. 35 Issue 11, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the acquisition of a multi-million dollar senior second-lien credit facility by the K-12 supplemental publisher WRC Media Inc. in New York. Improvement of the liquidity of the company; Impact of financial covenants on the cash position of the company; Benefits of the proceeds for its old credit facility.
ACCESSION #
12780456

 

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