Banks Sound Out Investors on Potential E.W. Scripps Debt Deal

April 29, 2024, 9:49 PM UTC

Banks including Bank of America Corp. and JPMorgan Chase & Co.are sounding out investor interest in refinancing the upcoming debt maturities of broadcaster E.W. Scripps Co., according to people with knowledge of the situation.

The bankers are gauging demand for a potential bond and loan offering, which would help address a stack of debt that comes due in 2026, said the people, who asked not to be identified discussing a private matter. Conversations are ongoing and plans may change, they said.

Scripps had about $3 billion of long-term debt as of December, including more than $700 million ...

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