Information About Our Restructuring
On March 31, 2014, Cengage Learning completed its financial restructuring and emerged from its Chapter 11 reorganization.
We are excited to be moving forward as a well-capitalized company with excellent liquidity and greater financial flexibility to accelerate our growth and continue to meet the evolving needs of our end-users and customers. Today, we are well-positioned both financially and operationally to have a profound impact on the learning experience while building Cengage Learning for the long-term benefit of our customers, employees, authors and business partners.
We are continuing to execute our strategy of transforming Cengage Learning into the education technology leader with the best selection of high quality educational and research content, digital solutions and personalized services.
More information about the confirmation of our plan of reorganization, as well as our restructuring, is available below:
- Frequently Asked Questions About Our Financial Restructuring
- "Cengage Learning Emerges From Chapter 11; Completes Financial Restructuring" (April 1, 2014)
- "Court Confirms Cengage Learning's Plan of Reorganization" (March 13, 2014)
- "Cengage Learning Announces Global Settlement With All Major Financial Stakeholders" (February 3, 2014)
- "Cengage Learning Reaches Agreement with Lenders to Restructure Balance Sheet and Strengthen Financial Position" (July 2, 2013)