secwatch.observer — SEC 8-K summary
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Issuer:     E.W. SCRIPPS Co (SSP)
CIK:        0000832428
Form:       8-K
Filed at:   2025-04-11T23:59:59+00:00
Accession:  0000832428-25-000017
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 7.01, 9.01, 10.1
LLM model:  deepseek-v4-flash:cloud@v2

Scripps completes $1.2B refinancing, extends maturities on term loans and revolver
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- Refinanced $110.8M of B-2 term loans into new B-2 loans due 2028; repaid remaining $608.5M with cash and new A/R securitization proceeds.
- Refinanced $540.2M (99.8%) of existing B-3 term loans with $340.2M new B-3 loans due 2029 and $200M new B-2 loans due 2028.
- Replaced existing revolver with $208M revolver due July 2027 and $70M non-extended revolver due Jan 2026.
- Entered new $450M accounts receivable securitization facility; drew $362.1M at closing.
- Post-closing: $545.2M new B-2 loans, $340.2M new B-3 loans, $278M total revolving commitments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/832428/000083242825000017/0000832428-25-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/832428/000083242825000017/ssp-20250410.htm
  HTML page:      https://secwatch.observer/filing/0000832428-25-000017

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