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E.W. Scripps to reprice $299 million term loan B
New York, March 2 – E.W. Scripps Co. intends to launch a repricing of its $299 million term loan B due October 2024 with a lender meeting at 11 a.m. ET on Monday, according to a market source.
The loan (expected Baa3/BB+) will have 101 soft call protection for six months from closing and amortization of 1% per year.
Wells Fargo and JPMorgan Chase are lead arrangers with Wells Fargo on the left.
Commitments are due by noon ET on March 9.
E.W. Scripps is Cincinnati-based broadcasting and digital media company.
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