secwatch.observer — SEC 8-K summary
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Issuer:     E.W. SCRIPPS Co (SSP)
CIK:        0000832428
Form:       8-K
Filed at:   2025-08-06T23:59:59+00:00
Accession:  0000832428-25-000042
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 8.01, 9.01, 4.01
LLM model:  deepseek-v4-flash:cloud@v2

Scripps issues $750M 9.875% secured notes due 2030; redeems $426M 5.875% notes and prepays $205M term loan
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/832428/000083242825000042/0000832428-25-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/832428/000083242825000042/ssp-20250806.htm
  HTML page:      https://secwatch.observer/filing/0000832428-25-000042

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer