Sinclair Closes on Private Debt Offering

0

SBG / Sinclair Broadcast GroupSinclair Broadcast Group closed a private offering of senior unsecured notes offered by its Sinclair Television Group subsidiary.


The $350 million private offering of notes due 2026 were priced at 100% of par with interest of 5.875%/year.

Proceeds will go to repay its revolving debt and for other general purposes.

At last report, the company had $3.89 billion in debt against $119.39 million in cash.

 


SHARE
Previous articleStocks Fall for Second Day
Next articleLawmakers Scrutinize Set-Top Box Proposal
RBR+TVBR has been reporting on the business of broadcasting for nearly three decades. Beholden to no one, it is independently owned.