E.W. SCRIPPS Co (SSP): debt financing — Scripps issues $750M 9.875% secured notes due 2030; redeems $426M 5.875% notes and prepays $205M term loan

E.W. SCRIPPS Co

Issued $750M aggregate principal of 9.875% senior secured second lien notes due August 15, 2030; interest semi-annual.
Redeemed all $426M of 5.875% Senior Notes due 2027 at 100% plus accrued interest.
Pre-paid $205M of term loan B-2 facility due 2028 at 102% plus accrued interest, also repaid portion of revolver.
Notes are guaranteed by substantially all domestic subsidiaries and secured by second-priority lien on collateral.
Entered junior lien intercreditor agreement governing priorities with first-lien debt; covenants limit additional debt and dividends.

item 1.01 item 2.03 item 8.01 item 9.01 item 4.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

E.W. SCRIPPS Co incurred senior notes of $750,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 9.875% per annum maturing August 15, 2030.

Instrument: senior notes
Principal: $750,000,000 aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association
Rate: 9.875% per annum
Maturity: August 15, 2030
Event: incurrence

Exact text from the filing

National Association, as trustee (the “Trustee”) and collateral agent (the “Collateral Agent”), entered into an indenture (the “Indenture”), pursuant to which the Company issued $750,000,000 aggregate principal amount of new 9.875% senior secured second lien notes due 2030 (the “Notes”). The Notes will mature on August 15, 2030, and interest on the Notes is payable

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Source: SEC EDGAR

accession 0000832428-25-000042

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