Sinclair Prices Private Offering of Senior Secured Notes and Senior Notes

Contact: Lucy Rutishauser, SVP Chief Financial Officer
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Sinclair Prices Private Offering of Senior Secured Notes and Senior Notes

BALTIMORE (July 18, 2019) – In connection with its $9.6 billion pending and previously announced acquisition of a regional sports networks business (“RSN”) from The Walt Disney Company, Sinclair Broadcast Group, Inc. (“Sinclair” or the “Company”) (Nasdaq: SBGI) announced today that its indirect wholly-owned subsidiaries, Diamond Sports Group, LLC (“Diamond”) and Diamond Sports Finance Company (the “Co-Issuer” and, together with Diamond Sports Group, the “Issuers”), have priced their previously announced private offering of $3.050 billion aggregate principal amount of Senior Secured Notes due 2026 (the “Secured Notes”) and $1.825 billion aggregate principal amount of Senior Notes due 2027 (the “Senior Notes” and, together with the Secured Notes, the “Notes”). The total size of the offering of the Notes in the aggregate has not changed.

Read more…SBGI – Bond July 2019 Pricing PR_FINAL

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