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HOUGHTON OWNER RESTRUCTURES DEBT
By Jeffrey A. Trachtenberg
Feb. 23, 2010 12:01 am ET
Print
Text
Education Media & Publishing Group Ltd., the holding company that owns Houghton
Mifflin Harcourt Publishing Co., said it has restructured about $4 billion of
the publisher's $7 billion debt load by converting it to equity, mostly wiping
out Education Media's original equity investors.
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