Sinclair Shares Slip On ‘Contingent’ Redemption News


Sinclair Broadcast Group on Monday announced that its Sinclair Television Group subsidiary has notified the trustee for its 5.375% Senior Notes due 2021 that it intends to redeem, in full, its outstanding $600 million aggregate principal amount of Notes on August 13.

There’s just one thing, and investors may not be happy about it.

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