With the release of its fourth quarter 2024 earnings results expected following Tuesday’s Closing Bell for the Nasdaq market, The E.W. Scripps Co. confirmed that it has entered into a transaction support agreement (TSA) with lenders representing more than 70% of the aggregate principal amount of its outstanding tranche B-2 term loans due May 2026 and tranche B-3 term loans due June 2028.
There’s more: Scripps has also entered into commitment letters with accounts receivable securitization providers for a new A/R securitization facility and its revolving banks to extend a portion of its revolving credit facility through July 2027.
“These transactions will provide Scripps the runway and liquidity to continue the progress of its strategic and operating initiatives,” the company said.
