E. W. Scripps Company Class A ( (SSP) ) has provided an announcement.
On March 10, 2025, The E.W. Scripps Company announced a series of financial transactions aimed at refinancing its existing term loans and extending its revolving credit facility. These transactions, supported by a significant portion of its lenders, include the exchange and repayment of term loans, establishment of a new accounts receivable securitization facility, and a new revolving credit facility. The initiative is designed to provide Scripps with the liquidity needed to continue its strategic initiatives and improve its financial position, with the transactions expected to be completed by April 2025.
More about E. W. Scripps Company Class A
The E.W. Scripps Company is a diversified media company and one of the largest local TV broadcasters in the United States. It operates over 60 stations in more than 40 markets, providing quality local journalism and national news through outlets like Scripps News and Court TV. Additionally, Scripps owns popular entertainment brands such as ION, ION Plus, and Bounce, and is the largest holder of broadcast spectrum in the nation. Founded in 1878, Scripps is also known for its stewardship of the Scripps National Spelling Bee.
YTD Price Performance: -44.05%
Average Trading Volume: 501,498
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $121.8M
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