Monitor upcoming maturities of the $8M non-extended facility (July 2027) and the company's $2027 unsecured notes. The extension removes near-term refinancing risk for the bulk of the revolver, but leverage covenants (First Lien Net Leverage Ratio of 3.25x) remain in place.
Price Chart
Executive Summary
E.W. Scripps entered Amendment No. 1 to its credit agreement, extending the maturity of $200 million of its revolving credit facility to July 7, 2029, while $8 million in commitments mature on July 7, 2027. The amendment also reaffirms existing guarantees and collateral. This is a routine liability management transaction that improves the company's debt maturity profile without increasing total borrowing capacity.
Key Financial Metrics
Key Facts
- Extended $200 million revolving credit facility maturity to July 7, 2029 (previously July 7, 2027).
- Non-extended revolving facility of $8.0 million matures July 7, 2027.
- Total aggregate revolving commitments unchanged at $208 million.
- All existing guarantees and security interests reaffirmed.
Financial Impact
No new debt or equity raised; maturity extension on $200 million revolver improves liquidity runway by two years.
Risk Factors
- Material weakness or non-compliance with financial covenants could trigger acceleration.
- The $8 million non-extended portion matures in 2027, requiring repayment or refinancing.
- No improvement in underlying earnings or cash flow from this transaction alone.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000832428-26-000017 |
| Document: ssp-20260430.htm | 0000832428-26-000017 |
| Document: 0000832428-26-000017-index-headers.html | 0000832428-26-000017 |
| Document: 0000832428-26-000017-index.html | 0000832428-26-000017 |
| Document: 0000832428-26-000017.txt | 0000832428-26-000017 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 5, 2026 21d ago | SC 13G | $2.92 $2.84 | ▼ −2.74% | ▼ −2.60% | $2.07 (−29.11%) |
Aug 7, 2026 11w ago | 8-K | $3.32 $3.45 | ▼ −3.92% | ▼ −3.52% | $2.07 (+37.65%) |
Aug 1, 2026 12w ago | Press Release | $2.82 $3.33 | ▲ +18.09% | ▲ +16.06% | $2.07 (−26.60%) |
Jul 15, 2026 14w ago | Press Release | $3.09 $3.17 | ▲ +2.59% | ▲ +3.57% | $2.07 (−33.01%) |
Jul 13, 2026 15w ago | Press Release | $2.97 $3.10 | ▲ +4.38% | ▲ +5.16% | $2.07 (−30.30%) |
May 22, 2026 22w ago | Insider Cluster | $3.42 $3.44 | ▲ +0.58% | ▼ −0.63% | $2.07 (−39.47%) |
May 8, 2026 24w ago | 8-K | $4.54 $3.53 | ▲ +22.25% | ▲ +23.71% | $2.07 (+54.41%) |
May 6, 2026 24w ago | 8-K | $4.68 $3.48 | ▼ −25.64% | ▼ −27.15% | $2.07 (−55.77%) |
Apr 16, 2026 27w ago | Press Release | $4.78 $4.86 | ▲ +1.67% | ▲ +0.69% | $2.07 (−56.69%) |
Apr 14, 2026 27w ago | Press Release | $4.37 $4.93 | ▲ +12.81% | ▲ +11.42% | $2.07 (−52.63%) |
US Market Status
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