Contact: Chris Ripley, CFO
Lucy Rutishauser, SVP Corporate Finance & Treasurer
Sinclair Prices Private Offering of Senior Unsecured Notes
BALTIMORE (August 15, 2016) – Sinclair Broadcast Group, Inc. (“Sinclair” or the “Company”) (Nasdaq: SBGI) announced today that its wholly-owned subsidiary, Sinclair Television Group, Inc. (“STG”), has priced its previously announced private offering of senior unsecured notes due 2027 (the “Notes”). The aggregate principal amount of Notes in the offering was upsized from $350 million to $400 million. The Notes were priced at 100% of their par value and will bear interest at a rate of 5.125% per annum payable semi-annually on February 15 and August 15, commencing February 15, 2017. This private placement of Notes is conditioned on customary closing conditions and is expected to close on August 30, 2016.
Read more…Bond August 2016 pricing_with upsize