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
Item 2.03 Creation of a Direct Financial Obligation or an
Obligation under an Off Balance Sheet Arrangement of a Registrant
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 were 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 Indenture is filed as
Exhibit 10.1.
Amended and Restated Credit Agreement increasing its capacity by
$25 million to $125 million, and extending the maturity to April
2022. A copy of the amended and restated credit agreement is
filed as Exhibit 10.2.
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Exhibit Number
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Description of Item
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10.1
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Indenture dated as of April 28, 2017
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10.2
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Third Amended and Restated Credit Agreement dated as of
April 28, 2017 |
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 down -0.38 at 20.91 with 506,818 shares trading hands.