On December 22, 2021, John Wiley & Sons, Inc. and certain of its subsidiaries, entered into the first amendment to the Third Amended and Restated Credit Agreement, with Bank of America, N.A., as administrative agent, swing line lender, and L/C issuer, and the lenders, and other agents party thereto. The First Amendment amends the Restated Credit Agreement dated as of May 30, 2019, which amended and restated the Company’s original credit agreement with BOA, entered into on November 2, 2011, and was previously amended on March 1, 2016. The First Amendment, among other things, (i) changes the rate under the Credit Agreement for borrowings denominated in Sterling from a LIBOR-based rate to daily simple SONIA (Sterling Overnight Index Average) subject to certain adjustments specified in the Credit Agreement, (ii) changes the rate under the Credit Agreement for borrowings denominated in Euro from a LIBOR-based rate to a EURIBOR-based rate or a Euro Short Term Rate subject to certain adjustments specified in the Credit Agreement, and (iii) updates certain other provisions regarding successor interest rates to LIBOR.