Hal Steiner's questions to E W Scripps Co (SSP) leadership • Q1 2025
Question
Hal Steiner asked for the pro forma cash balance after the April refinancing and inquired about the expected timeline for paying down the revolver balance that was drawn.
Answer
CFO Jason Combs did not have the pro forma cash number immediately available but noted the company drew on its revolver to fund fees with a plan to pay it down. He clarified the expectation is to pay off the revolver balance by the end of the year, not necessarily by the end of Q2.