E.W. Scripps extends $200M credit facility to 2029
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Form Type
8-K
Rhea-AI Filing Summary
The E.W. Scripps Company entered into Amendment No. 1 to its credit agreement on April 30, 2026, changing the terms of its revolving credit facilities. The amendment provides a revolving credit facility with aggregate commitments of up to $200 million, now maturing on July 7, 2029.
The company also retains a separate non-extended revolving credit facility with aggregate commitments of up to $8.0 million, which continues to mature on July 7, 2027. The full amendment is filed as Exhibit 10.1 and incorporated by reference.
8-K Event Classification
3 items: 1.01, 2.03, 9.01
3 items
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 2.03
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Extended revolver commitments: $200 million
Non-extended revolver commitments: $8.0 million
Amendment date: April 30, 2026
3 metrics
Extended revolver commitments
$200 million
Aggregate commitments under revolving credit facility maturing July 7, 2029
Non-extended revolver commitments
$8.0 million
Aggregate commitments under non-extended revolving credit facility maturing July 7, 2027
Amendment date
April 30, 2026
Date of Amendment No. 1 to credit agreement
Key Terms
Material Definitive Agreement, revolving credit facility, aggregate commitments, off-balance sheet arrangement
4 terms
Material Definitive Agreement regulatory
"Item 1.01 Entry Into a Material Definitive Agreement"
A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.
revolving credit facility financial
"the Company now has a revolving credit facility with aggregate commitments"
A revolving credit facility is a type of loan that a business can borrow from whenever it needs money, up to a set limit. It’s like having a credit card for companies—allowing them to borrow, pay back, and borrow again as needed, providing flexibility for managing cash flow or funding short-term expenses.
aggregate commitments financial
"revolving credit facility with aggregate commitments of up to $200 million"
off-balance sheet arrangement financial
"or an Obligation under an Off-Balance Sheet Arrangement of a Registrant"
An off-balance sheet arrangement is a financial commitment or asset that a company keeps out of its main financial statements so it does not show up as a direct asset or liability. Think of it like renting equipment or using a separate storage locker instead of putting the item in your home: the economic effects exist, but they aren’t listed on the company’s primary balance sheet. Investors care because these arrangements can hide risks, obligations or sources of cash flow that affect a company’s true financial strength and future performance.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did The E.W. Scripps Company (SSP) announce in this 8-K?
The E.W. Scripps Company reported it entered Amendment No. 1 to its credit agreement on April 30, 2026. The change mainly extends the maturity of its primary revolving credit facility and leaves a smaller non-extended facility in place with its original maturity.
How large is E.W. Scripps’ extended revolving credit facility?
The amended credit agreement provides a revolving credit facility with aggregate commitments of up to $200 million. This facility now matures on July 7, 2029, giving the company a multi-year committed source of liquidity under its existing banking arrangements.
When do E.W. Scripps’ revolving credit facilities now mature?
Under the amendment, the main revolving credit facility of up to $200 million now matures on July 7, 2029. A separate non-extended revolving credit facility with commitments of up to $8.0 million continues to mature on July 7, 2027, under its prior schedule.
What is the size of E.W. Scripps’ non-extended credit facility?
The company maintains a non-extended revolving credit facility with aggregate commitments of up to $8.0 million. This portion of the facility was not extended and still matures on July 7, 2027, alongside the other existing terms tied to that tranche.
Why is Item 2.03 included in E.W. Scripps’ 8-K?
Item 2.03 is included because the amendment to the credit agreement creates or relates to a direct financial obligation or an off-balance sheet arrangement. The company states that the information in Item 1.01 about the amended revolving credit facilities is incorporated by reference.
Where can investors see the full terms of E.W. Scripps’ amended credit agreement?
Investors can review the complete terms in Exhibit 10.1, titled “Amendment No. 1 to Credit Agreement,” dated April 30, 2026. The company notes this exhibit is filed with the report and incorporated by reference into the disclosure for more detailed review.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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