First Trust Structured Crd Inc Opp ETF SEC Filings

Nexstar Media Group, Inc. (NASDAQ: NXST) filed an 8-K to disclose that on June 27, 2025 its wholly-owned subsidiary, Nexstar Media Inc., and variable-interest entity Mission Broadcasting, Inc. completed a comprehensive refinancing of their senior secured credit structure.

New Nexstar Facilities: (1) Term Loan A of $1.905 billion, (2) Term Loan B of $1.300 billion, and (3) a $750 million revolving credit facility. The Term Loan A and revolver mature in five years and price at SOFR + 1.50% (pricing-grid adjusted) with a 0.125%–0.25% upfront fee. The seven-year Term Loan B carries SOFR + 2.50% with a 1.00% original-issue discount.

New Mission Facility: a $75 million revolving credit facility, also five-year tenor, priced at SOFR + 1.50% and the same upfront fee structure.

Initial Borrowings & Use of Proceeds: • Nexstar drew $144 million on its new revolver and, together with proceeds from the new term loans and cash on hand, fully prepaid its prior Term Loan A (due 2027) and Term Loan B (due 2026). • Mission drew $62 million on its new revolver to retire all borrowings under its former revolver.

All prior revolving credit facilities, Term Loan A and Term Loan B have therefore been extinguished and replaced by the facilities outlined above. Complete terms are contained in Amendment No. 7 (Exhibit 10.1) to Nexstar’s 2017 Credit Agreement and Amendment No. 8 (Exhibit 10.2) to Mission’s 2017 Credit Agreement. A press release announcing the refinancing was furnished as Exhibit 99.1 on June 30, 2025.

Key Takeaways for Investors:

• Refinancing refreshes maturities to 2030 (Term Loan A & revolvers) and 2032 (Term Loan B), eliminating near-term debt cliffs in 2026-2027.
• SOFR-based pricing locks spreads but leaves interest expense fully floating.
• Upfront/discount costs are modest (0.125%–1.00%), indicating favorable market access.
• Total committed debt capacity now stands at roughly $4.03 billion across the new facilities.

The Form NPORT-P labeled “First Trust Structured Credit Income Opportunities ETF” (ticker SCIO) is essentially an un-populated template. Aside from identifying the filing as LIVE and marking that it is not a final filing and that no non-cash collateral was received in any securities-lending transaction, every material data field is blank. Missing items include registrant identifiers, fiscal period dates, asset and liability totals, risk metrics, securities-lending borrower details and the fund’s last three months of performance. As filed, the document offers no quantitative insight into portfolio composition, leverage, derivatives exposure or returns, providing investors with virtually no actionable information.

First Trust Structured Credit Income Opportunities ETF (symbol: SCIO) has submitted a Form NPORT-P to the SEC. The filing is marked as a LIVE electronic submission, indicating it is an official monthly portfolio investments report rather than a test filing. However, the document contains only the standard Form NPORT-P framework; virtually every quantitative field—including total assets, liabilities, net assets, credit-spread risk metrics, securities-lending details, and three-month return data—has been left blank. No Series, Class, or contact information is provided, and there are no portfolio-level disclosures or derivative gain/loss figures. As a result, investors receive no insight into SCIO’s current holdings, risk profile, or recent performance from this submission.

The sole concrete data point is the confirmation that the filing is live. Because the fund did not populate any of the required financial sections, the document delivers minimal value for assessment of the ETF’s financial health or strategy.

First Trust Structured Credit Income Opportunities ETF (Ticker: SCIO) submitted a Form NPORT-P Monthly Portfolio Investments Report. The document is largely a skeleton filing: key registrant details, asset figures, risk metrics, securities-lending data, and monthly performance numbers are all blank. The filing confirms it is a LIVE electronic submission, but fields such as CIK, LEI, Series ID, total assets, liabilities, and returns remain unreported. A checkbox asks whether this will be the fund’s final NPORT filing, yet no selection is recorded. Because virtually all quantitative and descriptive fields are empty, the report provides no insight into SCIO’s portfolio composition, leverage, performance, or risk profile for the period in question.

With material information missing, investors cannot gauge net asset value, credit exposure, liquidity, or recent returns. The filing appears to be either an incomplete draft or a placeholder pending data population. Until a completed NPORT-P is available, the document carries minimal analytical value and no apparent market impact.

First Trust Structured Credit Income Opportunities ETF (ticker SCIO) has submitted a routine Form NPORT-P Monthly Portfolio Investments Report to the U.S. Securities and Exchange Commission.

The excerpt supplied is almost entirely a template: sections covering filer identification, asset & liability schedules, portfolio-level risk metrics, securities-lending disclosures and recent return data are present but contain no populated figures. Consequently, the document reveals no new information regarding the Fund’s assets, liabilities, portfolio composition, risk exposure or recent performance.

Franklin Financial Services Corporation (FRAF) filed a Form 4 disclosing that director Daniel J. Fisher acquired 313 common shares on 06/23/2025 at an implied price of $34.60 per share, totaling roughly $10.8 thousand. The shares were issued in lieu of cash compensation for a portion of Fisher’s board fees. Following the transaction, Fisher directly owns 29,276 shares, a figure that includes previously reported unvested restricted stock units. No derivative securities were involved.

The filing represents a routine compensation-related share issuance rather than an open-market purchase, but it still modestly increases insider equity alignment without altering control dynamics or signaling material changes to FRAF’s capital structure.