Contact: Lucy Rutishauser, SVP & CFO
Sinclair Broadcast Group Announces Public Offering of Class A Common Stock
BALTIMORE (March 8, 2017) – Sinclair Broadcast Group, Inc. (“Sinclair” or the “Company”) (Nasdaq: SBGI) announced today that it has commenced an underwritten public offering of 12.0 million primary shares of Class A common stock. The Company intends to grant the underwriters a 30-day option to purchase up to an additional 1.8 million shares of Class A common stock on the same terms and conditions. The net proceeds are intended to be used to fund future potential acquisitions and for general corporate purposes.
Read more…Sinclair Press Release – Equity Launch 2017