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Moody's Investors Service ("Moody's") affirmed Cambium Learning Group, Inc.'s ("Cambium") B3 Corporate Family Rating ("CFR") and B3-PD Probability of Default Rating following the company's proposed acquisition of AIR Assessment ("AST"). The AST acquisition along with related fees and expenses will be financed with a $295 million first lien term loan add-on, $93 million second line term loan add-on along with an equity contribution from its sponsor Veritas Capital. AST develops and administers student performance assessment tests and is a carve-out of the K-12 assessment division of the American Institute for Research, a not-for-profit company based on Washington DC.
ExploreLearning® (a member of Cambium Learning® Group, Inc.) announced that ExploreLearing Reflex® added a new math fact learning game called SQ’World. This game adds to the collection of nine other learning games that help build math fact fluency in addition, subtraction, multiplication, and division. Reflex is a research-based solution that helps students in grades 2–8 gain quick and effortless recall of basic math facts through adaptive coaching and practice, fun games, and motivating rewards.
Voyager Sopris Learning and Acadience Learning today announced an expanded partnership to deliver Acadience’s powerful and effective PreK to high school assessment tools throughout the United States. Voyager Sopris Learning will continue to serve as the exclusive print distributor in the United States for Acadience Reading and Acadience Math assessments. “We are thrilled to expand our partnership with Acadience Learning and enhance our relationship with founders and authors Dr. Roland Good and Dr. Ruth Kaminski,” said Patrick Marcotte, president, Voyager Sopris Learning.
Voyager Sopris Learning reported today a significant increase in the number of schools, districts, and states using LETRS, the company’s landmark professional development that provides educators with the background, depth of knowledge, and tools to teach language and literacy skills to every student. Authored by Dr. Louisa C. Moats and Dr. Carol A. Tolman, LETRS (Language Essentials for Teachers of Reading and Spelling) for elementary school teachers is backed by more than 30 years of evidenced-based, scientific research and more than a decade of proven success.
Voyager Sopris Learning today launched the updated Voyager Passport, a K–5 reading intervention program that earned ESSA’s Tier 1-Strong rating. The program, intended for students who need instruction beyond the core, empowers teachers by providing comprehensive, explicit, and systematic instruction in the five essential components of reading, plus language and writing. The program is based on decades of reading research and targets the priority skills and strategies learners need to be fluent, on-level readers.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Cambium Learning Group, Inc. New York, July 31, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Cambium Learning Group, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
DALLAS, June 04, 2019 -- Cambium Learning® Group Inc., a leading educational solutions and services company committed to helping all students reach their full potential, has.
DALLAS, April 18, 2019 -- Cambium Learning® Group, Inc., a leading educational solutions and services company committed to helping all students reach their full potential,.
Proclamation 2019 names Learning A-Z Raz-Plus as a resource for Grades K–5, bringing blended learning curriculum to students statewide DALLAS, Jan. 15, 2019 -- Learning A-Z®.
Looking for stocks with high upside potential? Just follow the big players within the hedge fund industry. Why should you do so? Let’s take a brief look at what statistics have to say about hedge funds’ stock picking abilities to illustrate. The Standard and Poor’s 500 Index returned approximately 5.7% in the 12 months ending October 26 […]
Moody's Investors Service ("Moody's") assigned a B3 Corporate Family Rating and a B3-PD Probability of Default Rating to Cambium Learning Group, Inc. (New) ("Cambium"). Moody's also assigned a B2 rating to the company's proposed senior secured first lien credit facilities, consisting of a $50 million revolving credit facility expiring 2023 and a $320 million term loan due 2025.
NEW YORK, Nov. 16, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.