Cahill Represents Initial Purchasers in $500 Million Notes Offering for Scripps Escrow Inc.
Cahill represented the initial purchasers in connection with a Rule 144A offering of $500,000,000 aggregate principal amount of 5.875% Senior Notes due 2027 by Scripps Escrow, Inc., a special purpose wholly-owned subsidiary of The E.W. Scripps Company. Upon release from escrow, proceeds from the offering are intended to be used to acquire eight television stations from Nexstar Media Group, Inc., pending Nextar’s planned merger with Tribune Media Company, and for the refinancing of existing indebtedness of The E.W. Scripps Company.