Greenwood Hall, Inc. announced it has completed a transaction that provided the company with $4 million in new financing to replace and restructure existing debt, improve its balance sheet, and provide working capital to support growth that Greenwood Hall continues to experience. The transaction, led by New York City-based Moriah Education Management, LLC, with $3.5 million in debt financing, also included additional capital investments by existing Greenwood Hall investors, Calabasas, CA-based Redwood Fund LP and Chicago, IL-based Lincoln Park Capital. Highlights of the transaction are: Elimination of nearly $8.7 million in current liabilities - Retirement of approximately $6.0 million in bank debt and other notes - Net improvement of over $2.2 million to the balance sheet - Over $1 million of Working Capital for growth.