Cengage Learning Emerges From Chapter 11; Completes Financial Restructuring

“Cengage Learning, Inc., a leading global educational content, technology and services company for the higher education and K-12, professional and library markets, announced today that it has emerged from Chapter 11, having completed its financial restructuring. “We have used the restructuring process to significantly reduce debt and associated costs, and substantially improve our capital structure while continuing to meet the educational and research needs of our customers and end-users,” said Michael Hansen, Chief Executive Officer of Cengage Learning. “I am pleased to say that today we are well positioned in the global marketplace to deliver the best content, digital solutions and personalized services in education and research.” (via Cengage Learning)

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