The E.W. Scripps Company has entered into a significant financial arrangement, issuing $750 million in new 9.875% senior secured second lien notes due 2030. The agreement, dated August 6, 2025, involves the Company's subsidiary guarantors and U.S. Bank Trust Company, National Association, serving as both trustee and collateral agent. This financial move, outlined in an indenture, is part of the Company's strategic financial structuring. Additionally, a junior lien intercreditor agreement was established with JPMorgan Chase Bank, N.A., and other parties, defining the priorities and administration of security interests related to the Collateral. This development marks a substantial step in the Company's financial operations, aimed at managing its obligations and credit facilities effectively.
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