E.W. Scripps Inks $1.3 Billion Refinancing Deal, Gets KKR Loan

Broadcast service provider E.W. Scripps Company has inked a deal with lenders to repay or extend about of its $1.3 billion term loans and secured a $450 million loan from investors including KKR & Co.

The deal will push out some debts that were due as early as next year and has support from a majority of lenders, the company said in a statement late Tuesday. The financing package includes the new $450 million commitment that will be backed by outstanding customer invoices as well as $208 million revolving credit line.

Scripps is among a handful of media companies that ...