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
(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.
existing $391 million term loan B due in 2020, to pay related
fees and expenses and for general corporate purposes.
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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 |
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 -0.03 at 22.57 with 327,679 shares trading hands.