Sinclair to Seek Partial Amendment, Extension of STG Credit Facilities


Sinclair Television Group has announced that it intends to amend and extend the existing term loan B-1 tranche under its credit agreement.

This, Sinclair says, includes the incurrence of new term loans in order to refinance such term loan B-1 tranche.

This tranche currently has a maturity date of January 3, 2024.

The goal for Sinclair is to reach new term loans which will provide for, among other things, a maturity date that is seven years after the effectiveness of the amendment.

Sinclair notes that this credit facility amendment is subject to market and other customary closing conditions.