Graham Holdings Company Plans $500 Million Private Offering of Senior Notes
Offering of Senior Unsecured Notes: Graham Holdings Company plans to offer $500 million in senior unsecured notes due 2033, guaranteed by certain domestic subsidiaries, subject to market conditions.
Amendment of Credit Facility: Concurrently, the company intends to amend its revolving credit facility, increasing lender commitments to $400 million, with the closing of the amendment contingent on the successful offering of the notes.
Use of Proceeds: The net proceeds from the notes offering and the amended credit facility will be used to redeem existing notes, refinance loans, repay a term loan, and cover related fees and expenses.
Regulatory Compliance: The notes will not be registered under the Securities Act and will only be offered to qualified institutional buyers in the U.S. and non-U.S. persons outside the U.S., adhering to specific regulations.
Trade with 70% Backtested Accuracy
Analyst Views on GHC
About GHC
About the author


Investment Opportunity: Exor presents a low-risk investment option due to its significant discount, appealing to value-seeking investors.
Parts vs. Whole: The individual components of Exor are considered to have greater value than the company as a whole.
- Academic Support Enhancement: Kentucky State University has partnered with global education company Kaplan to provide students with free access to preparation resources for graduate admissions, professional licensing, and credential exams, thereby aiding their academic success and long-term career readiness.
- Significant Cost Savings: Since the launch of Kaplan's All Access License in 2022, tens of thousands of students have collectively saved over $60 million in out-of-pocket expenses, alleviating financial burdens and enhancing their competitive edge in the job market.
- Skills Development Courses: Students gain access to a robust suite of professional and academic skills development courses from Kaplan, including data literacy, data analysis, and critical thinking, which will bolster their employability and adaptability in the workforce.
- Strategic Partnership Significance: By collaborating with Kaplan, Kentucky State University demonstrates its commitment to investing in students' futures, aiming to provide high-quality preparatory resources and skill training that help students unlock career pathways across various fields such as healthcare, law, technology, and education.
- Academic Support Partnership: Kentucky State University has partnered with global education company Kaplan to provide students with free access to resources for graduate admissions exams, professional licensing exams, and credentialing tests, aiming to enhance academic achievement and career success.
- Rich Course Offerings: Students can access Kaplan's suite of professional and academic skills development courses, including data literacy, data analysis, and critical thinking, which are essential for standing out in a competitive job market.
- Significant Economic Benefits: Since the launch of Kaplan's All Access License in 2022, tens of thousands of students have collectively saved over $60 million in out-of-pocket costs, alleviating financial burdens and promoting their career advancement.
- Strategic Investment Outlook: Kaplan's All Access License is viewed as an investment in students' futures, with Kentucky State University committed to providing high-quality preparatory support that helps students achieve their career goals across various fields, including healthcare, law, technology, and education.
- Quarterly Dividend Announcement: Graham Holdings declared a quarterly dividend of $1.88 per share, payable on February 19, 2026, to shareholders of record on February 4, 2026, demonstrating the company's commitment to shareholder returns amid stable cash flow.
- Dividend Payment Schedule: Qualcomm announced a quarterly cash dividend of $0.89 per common share, payable on March 26, 2026, to stockholders of record at the close of business on March 5, 2026, reflecting the company's ongoing shareholder rewards based on stable profitability.
- Costco Dividend Declaration: Costco Wholesale announced a quarterly cash dividend of $1.30 per share, payable on February 13, 2026, to shareholders of record at the close of business on January 30, 2026, indicating the company's ability to maintain shareholder returns supported by strong sales and membership growth.
- Independent Bank Dividend: Michigan-based Independent Bank declared a quarterly cash dividend of $0.28 per share, payable on February 13, 2026, to shareholders of record on February 3, 2026, showcasing the community bank's robust performance in the local economy and commitment to its shareholders.
- Quarterly Dividend Announcement: Graham Holdings has declared a quarterly dividend of $1.88 per share, reflecting the company's stable cash flow and profitability, which is expected to attract more income-focused investors.
- Dividend Payment Timeline: The dividend will be payable on February 19, with a record date of February 4 and an ex-dividend date also on February 4, ensuring shareholders receive timely returns and bolstering shareholder confidence.
- Bond Offering Plan: The company plans to issue $500 million of 5.625% senior notes due in 2033, which will provide additional funding support for future growth initiatives.
- Market Reaction Expectations: With the announcement of the dividend and bond issuance, market attention on Graham Holdings is expected to increase, potentially having a positive impact on its stock price and further solidifying its position among investors.

- Consecutive Honors: Graham Healthcare Group's Residential Home Health and Hospice has been recognized as one of Pennsylvania's Best Places to Work for the fourth consecutive year, highlighting its excellence in employee experience and workplace culture, which enhances the company's reputation in the industry.
- Selection Criteria: The award is based on 25% company policies and 75% employee satisfaction surveys, ensuring that the results genuinely reflect the work environment and culture, thereby strengthening the company's ability to attract and retain talent.
- Employee Care: Company executives stated that this recognition reflects their commitment to fostering employee engagement and support, emphasizing that employee success directly impacts the quality of care provided to patients and families, thus enhancing service levels.
- Hiring Opportunities: Graham Healthcare Group is actively recruiting new employees to attract more talent to its award-winning team, further bolstering its competitive position in the home healthcare service sector.







