Sinclair Announces Any And All Private Debt Exchange Offer And Consent Solicitation Of Senior Notes Of Diamond Sports Group

SINCLAIR ANNOUNCES ANY AND ALL PRIVATE DEBT EXCHANGE OFFER AND CONSENT SOLICITATION OF SENIOR NOTES OF DIAMOND SPORTS GROUP

BALTIMORE (May 12, 2020) – Sinclair Broadcast Group, Inc. (“Sinclair” or the “Company”) (Nasdaq: SBGI) today announced its indirect subsidiaries, Diamond Sports Group, LLC and Diamond Sports Finance Company (together, the “Issuers”) are commencing a private exchange offer (the “Exchange Offer”) for any and all of the Issuers’ outstanding 6.625% Senior Notes due 2027 (the “Senior Notes”) for newly issued 12.750% Senior Secured Notes due 2026 (the “New Secured Notes”) (CUSIP/ISIN 25277LAE6 / US25277LAE65; U2527JAC9 / USU2527JAC90) and a cash payment on the terms and subject to the conditions set forth in a Confidential Offering Memorandum, Offer to Exchange and Consent Solicitation Statement, dated as of May 12, 2020 (the “Offering Memorandum” and, together with the accompanying letter of transmittal, the “Offer Documents”).

Read more…Launch Exchange 2020.05.12

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