ISDA Credit Derivatives Determinations Committee: Cengage Learning Acquisitions Bankruptcy Credit Event

The International Swaps and Derivatives Association, Inc. (ISDA) today announced that its Americas Credit Derivatives Determinations Committee resolved that a Bankruptcy Credit Event occurred in respect of Cengage Learning Acquisitions, Inc.

ISDA will publish further information, including whether a CDS auction will be held, on its website, www.isda.org/credit, in due course.