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Simpson Thacher Represents Scripps in $750 Million Notes Offering

08.06.25

Simpson Thacher recently represented The E.W. Scripps Company (“Scripps”) in connection with an offering of $750 million aggregate principal amount of 9.875% Senior Secured Second Lien Notes due 2030 in reliance on Rule 144A and Regulation S. Scripps used the net proceeds from the offering to redeem all of its outstanding senior notes due 2027, pre-pay a portion of its term loan B-2 facility and repay a portion of the outstanding borrowings under its revolving credit facilities.

Founded in 1878, Scripps is a diversified media enterprise headquartered in Cincinnati, Ohio. As one of the nation’s largest local television broadcasters, Scripps operates across more than 40 markets. Scripps also owns national news outlets such as Scripps News and Court TV, along with popular entertainment brands including ION, Bounce, Grit, and Laff. Committed to its mission of creating a better-informed world, Scripps serves communities with quality journalism and other content across multiple platforms.

The Simpson Thacher team included Jon Ozner, Catherine Ciriello, John Hotes, Suzie Kaufman, Leena Sanka and Adriana Hong (Capital Markets); Sandy Qusba, David Zylberberg and Zachary Weiner (Restructuring); Bill Sheehan, Patrick Wolff, Leah Tendler, Anita Wu, Sungjoo Ahn and Ramin Tabrizi (Credit); Jonathan Cantor, Andrew Mandelbaum and Michael Slomovics (Tax); Courtney Welshimer, Paige Brinton and Chandler Gerard-Reimer (IP); Jeanne Annarumma and Pasco Struhs (ERISA); and Jon Pall (Collateral).