Thom Guidi, CFA, was recently featured in an article by Steve Watkins of the Cincinnati Business Courier discussing the market’s reaction to E.W. Scripps Co.’s recent debt refinancing and the subsequent surge in its stock price. Below is an excerpt from the article:
"E.W. Scripps Co. has wrapped up a massive refinancing of more than $1 billion in debt, sending its stock soaring by addressing the key issue that’s been hanging over the company."
Guidi noted that addressing the company’s near-term debt concerns was a key factor for investors. “The high amount of debt that was to come due in 2026 was the main issue,” he told the Business Courier. “The new refinancing arrangement eases that issue in investors’ minds.”
Click here to read the full article on the Cincinnati Business Courier’s website (a subscription may be required).