Babson Capital Management led the term loan B issuance in a $135 million credit facility to Cambium Learning. Babson also served as co-documentation agent on the transaction, which included revolving credit and term loan facilities.

Dallas, TX-based Cambium Learning is an educational solutions and services company providing supplemental digital and print products to teachers and students from pre-K through high school in math, reading, science and other subjects. Cambium Learning is a wholly owned subsidiary of Cambium Learning Group, which is majority-owned by Veronis Suhler Stevenson (VSS).

“Babson added value through its ability to provide solutions across the capital structure and its flexibility and responsiveness in meeting the needs of both sponsor and borrower,” said David Bainbridge, managing director for Veronis Suhler Stevenson. “VSS appreciates Babson’s partnership in the refinancing of Cambium Learning and we look forward to working with them again soon.”

Veronis Suhler Stevenson, with offices in New York and London, is a private investment firm that invests in the information, tech-enabled business services, healthcare IT and education industries in North America and Europe.