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“We are taking advantage of historically low long term interest rates to extend the maturity of our debt to 2025,” said Rich Boehne, Scripps chairman, president and CEO. “Since this is a refinancing, we are not significantly increasing the total amount of our debt. We would have pro forma net leverage of 1.4x based on 2016 results, and that level of leverage allows us the financial flexibility we are accustomed to putting to work as we look for opportunities to grow the company.”.

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