Contact: Lucy Rutishauser, SVP & CFO
Sinclair Broadcast Group Prices Public Offering of Class A Common Stock
BALTIMORE (March 9, 2017) – Sinclair Broadcast Group, Inc. (“Sinclair” or the “Company”) (Nasdaq: SBGI) announced that it has priced an underwritten public offering of 12.0 million primary shares of Class A common stock at a price to the public of $42.00 per share. The Company also granted the underwriters a 30-day option to purchase up to an additional 1.8 million primary shares of Class A common stock on the same terms and conditions. The offering is expected to close on March 15, 2017, subject to customary closing conditions. The net proceeds are intended to fund future potential acquisitions and for general corporate purposes.
Read more…Sinclair Press Release – Equity Pricing 2017