THE E.W. SCRIPPS COMPANY (NYSE:SSP) Files An 8-K Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a RegistrantItem 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off Balance Sheet Arrangement of a Registrant
THE E.W. SCRIPPS COMPANY (NYSE:SSP) Files An 8-K Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
On April 20, 2017, the Company entered into a Purchase Agreement (Purchase Agreement) to issue $400 million of senior unsecured notes, which bear interest at a rate of 5.125% per annum and mature on May 15, 2025.
The proceeds of the 5.125% Senior Notes will be used to repay the existing $391 million term loan B due in 2020, to pay related fees and expenses and for general corporate purposes.
A copy of the Purchase Agreement is filed as Exhibit 10.1.
Item 9.01 Financial Statements and Exhibits
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Exhibit Number
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Description of Item
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10.1
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5.125% Senior Notes due 2025 Purchase Agreement dated April 20, 2017
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About THE E.W. SCRIPPS COMPANY (NYSE:SSP)
The E. W. Scripps Company is a media enterprise with interests in television and radio broadcasting, as well as local and national digital media brands. The Company’s segments include television, radio, digital, and syndication and other. As of December 31, 2016, the Television segment included approximately 15 American Broadcasting Company (ABC) affiliates, five National Broadcasting Company (NBC) affiliates, two FOX affiliates, two Columbia Broadcasting System (CBS) affiliates and four non big-four affiliated stations. As of December 31, 2016, the radio segment owned 34 radio stations in eight markets. As of December 31, 2016, it operated 28 frequency modulation (FM) stations and six Amplitude Modulation (AM) stations. The digital segment includes the digital operations of its local television and radio businesses. Its Syndication and other segment primarily includes the syndication of news features and comics and other features for the newspaper industry. THE E.W. SCRIPPS COMPANY (NYSE:SSP) Recent Trading Information
THE E.W. SCRIPPS COMPANY (NYSE:SSP) closed its last trading session up +0.52 at 23.11 with 327,679 shares trading hands.
The E. W. Scripps Company is a media enterprise with interests in television and radio broadcasting, as well as local and national digital media brands. The Company’s segments include television, radio, digital, and syndication and other. As of December 31, 2016, the Television segment included approximately 15 American Broadcasting Company (ABC) affiliates, five National Broadcasting Company (NBC) affiliates, two FOX affiliates, two Columbia Broadcasting System (CBS) affiliates and four non big-four affiliated stations. As of December 31, 2016, the radio segment owned 34 radio stations in eight markets. As of December 31, 2016, it operated 28 frequency modulation (FM) stations and six Amplitude Modulation (AM) stations. The digital segment includes the digital operations of its local television and radio businesses. Its Syndication and other segment primarily includes the syndication of news features and comics and other features for the newspaper industry. THE E.W. SCRIPPS COMPANY (NYSE:SSP) Recent Trading Information
THE E.W. SCRIPPS COMPANY (NYSE:SSP) closed its last trading session up +0.52 at 23.11 with 327,679 shares trading hands.