The E.W. Scripps Company has priced an offering of $750 million aggregate principal amount of new 9.875% senior secured second-lien notes, which represents a $100 million increase from the previously announced size of the offering.
The notes will mature in 2030. The offering is expected to close on Aug. 6, 2025, subject to
customary closing conditions.
Scripps intends to use the net proceeds of this offering to redeem all of the company’s
outstanding 5.875% senior notes due 2027; pre-pay a portion of the outstanding borrowings under the company’s term loan B-2 facility due in 2028; repay a portion of the outstanding borrowings under the company’s revolving credit facilities; and pay the fees and expenses relating to this transaction.
