Scripps Refinances Debt Obligations with New Financing Arrangements

Scripps Completes Transactions to Refinance Revolver and 2026-2028 Term Loans

Scripps, a leading provider of high-quality, engaging content and services, announced today that it has successfully completed transactions to refinance its revolver and 2026-2028 term loans. The refinancing will provide the company with enhanced liquidity and financial flexibility to support its continued growth and strategic initiatives.

As part of the transaction, Scripps refinanced its existing revolver with a new facility, which provides an additional $200 million in borrowing capacity. The company also extended and upsized its term loan facility, increasing the amount available from $450 million to $550 million. The term loan facility now has a maturity date in 2028, with the option to extend for an additional year.

"This refinancing transaction reflects our strong financial position and our ability to access capital markets at favorable terms," said Lisa Knutson, Chief Financial Officer of Scripps. "We are pleased to have this additional liquidity and flexibility to support our continued growth and investment in our business, including our expanding portfolio of high-quality content and services."

Scripps' refinancing transaction was led by J.P. Morgan Securities LLC, as sole lead arranger and sole bookrunner, and was supported by a syndicate of banks and institutional investors. The transaction is subject to customary closing conditions and is expected to close in the coming days.

Scripps is a leading provider of high-quality, engaging content and services, with a portfolio of iconic brands and a commitment to delivering exceptional value to its customers and partners. The company's portfolio includes Scripps Networks, a leading provider of lifestyle and entertainment programming, and Scripps Media, a leading provider of news and information services.