---
schema_version: "secwatch.filing_event.v1"
accession: "0000832428-25-000005"
form_type: "8-K"
ticker: "SSP"
cik: "0000832428"
company_name: "E.W. SCRIPPS Co"
filed_at: "2025-03-11T23:59:59+00:00"
generated_at: "2026-05-25T00:25:49.262214+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Scripps refinances up to $1.3B in term loans; new $450M A/R facility and $208M revolver

## Summary
- Lenders holding >70% of term loans support exchange; existing B-2 loans due May 2026 will be fully repaid or exchanged for new B-2 due June 2028.
- Existing B-3 loans due June 2028 exchanged for new B-2 and new B-3 due November 2029; remaining B-3 subordinated.
- New $450M accounts receivable securitization facility (PNC $350M, KKR $100M) to partially repay existing B-2 loans.
- New $208M revolving credit facility due July 2027; existing revolver commitments partially retained.
- Backstop lenders commit up to ~$547M in new B-2 term loans to cash repay any B-2 not exchanged or repaid via A/R facility.

## SEC filing metadata
- accession: 0000832428-25-000005
- form_type: 8-K
- ticker: SSP
- cik: 0000832428
- company_name: E.W. SCRIPPS Co
- filed_at: 2025-03-11T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 9.01, 10.1
- EDGAR index: https://www.sec.gov/Archives/edgar/data/832428/000083242825000005/0000832428-25-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/832428/000083242825000005/ssp-20250310.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000832428-25-000005
- JSON: https://secwatch.observer/filing/0000832428-25-000005.json
- Plain text: https://secwatch.observer/filing/0000832428-25-000005.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.