Houghton Mifflin Taps Debt Restructuring Firm

Law360, New York (March 21, 2012, 8:26 PM EDT) -- Houghton Mifflin Harcourt Publishing Co. has hired restructuring advisers from The Blackstone Group LP as the book publisher aims to shelve its debt burdens, a person familiar with the matter said Wednesday.

The Boston-based publisher of educational textbooks, fiction and nonfiction books has also retained Paul Weiss Rifkind Wharton & Garrison LLP, according to a spokesman for Houghton Mifflin, Josef Blumenfeld. The Wall Street Journal first reported both hirings Tuesday.

The debt restructuring is the second for Houghton Mifflin in the past two years. In February...
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