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OFFON

SKILLSOFT CORP.

(SKIL)
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Skillsoft Corp. Completes its Previously Announced Debt Refinancing

07/19/2021 | 08:11am EDT

Skillsoft Corp.(“Skillsoft” or the “Company”) announced that it has successfully completed its previously announced debt refinancing. The Company has closed a new $480 million senior secured term loan B facility. This facility, along with cash on hand, will be used to refinance and repay the Company’s existing term loan facilities, thereby reducing long-term debt by approximately $130 million. The new term loan B facility reduces Skillsoft’s interest rate by 300 basis points and extends its maturity from 2025 to 2028. Together, the refinancing and debt paydown will decrease the Company’s annual interest payments by approximately $25 million. As a result of the refinancing and debt paydown, the Company has $480 million of long-term debt outstanding.


ę S&P Capital IQ 2021
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Analyst Recommendations on SKILLSOFT CORP.
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Financials (USD)
Sales 2021 688 M - -
Net income 2021 - - -
Net Debt 2021 - - -
P/E ratio 2021 -
Yield 2021 -
Capitalization 1 501 M 1 501 M -
Capi. / Sales 2021 2,18x
Capi. / Sales 2022 2,23x
Nbr of Employees -
Free-Float 35,0%
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Mean consensus BUY
Number of Analysts 7
Last Close Price 11,28 $
Average target price 14,33 $
Spread / Average Target 27,1%
EPS Revisions
Managers and Directors
Jeffrey R. Tarr Chief Executive Officer & Director
Gary W. Ferrera Chief Financial Officer
Apratim Purakayastha Chief Technology Officer
John Wilbert Frederick Chief Administrative Officer
Helena B. Foulkes Independent Director
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