The Higher Education Bubble burst has claimed a new victim — a college textbook company.

And given how overpriced most text books are, the firm’ s fiscal plans should come as no surprise.

Cengage Learning Inc., the college textbook publisher that agreed in July with lenders to restructure $5.8 billion of debt, is seeking as much as $2 billion in loans to exit bankruptcy.

The financing would consist of a $250 million revolving line of credit and a term loan between $1.5 billion and $1.75 billion, according to a Dec. 27 court filing. A hearing will take place on Jan. 9 at 11 a.m. New York time.

Cengage, which was seeking to eliminate more than $4 billion of its debt burden, is seeking the exit financing six months after it obtained Chapter 11 protection. Apax Partners LLP and Omers Capital Partners bought Stamford, Connecticut-based Cengage in 2007 from Thomson Reuters Corp. for $7.75 billion. The acquisition was partially funded with $5.6 billion in borrowings.

The arrangers of the proposed loan financing include Credit Suisse Group AG, Citigroup Inc., Deutsche Bank AG, Morgan Stanley and KKR Capital Markets LLC, KKR & Co.’s financing arm, according to the court filing. If the debtors are unable to secure the loan financing, they will seek secured bonds.

A confirmation hearing is scheduled for Feb. 24, according to the court filing. The company is targeting a March 2014 exit date.

James McCusker, a Cengage spokesman, didn’t return a telephone call or e-mail seeking comment and Todd Fogarty, a spokesman for Apax at Kekst & Co., declined to comment.

In a revolving line of credit, money can be borrowed again once it’s repaid; in a term loan it can’t.