SINCLAIR ANNOUNCES CLOSING OF PRIVATE DEBT EXCHANGE OFFER OF DIAMOND SPORTS GROUP
BALTIMORE (June 11, 2020) – Sinclair Broadcast Group, Inc. (“Sinclair” or the “Company”) (Nasdaq: SBGI) today announced that on June 10, 2020, the Company’s indirect subsidiaries, Diamond Sports Group, LLC and Diamond Sports Finance Company (together, the “Issuers”), completed their previously announced private offer to exchange (the “Exchange Offer”) any and all of the Issuers’ outstanding 6.625% Senior Notes due 2027 (the “Senior Notes”) (CUSIP/ISIN 25277LAC0 /US25277LAC00; U2527JAB1 / USU2527JAB18) for a cash payment and newly issued 12.750% Senior Secured Notes due 2026 (the “New Secured Notes”) (CUSIP/ISIN 25277LAE6 / US25277LAE65; U2527JAC9 / USU2527JAC90). The Exchange Offer and Consent Solicitation (as defined below) were conducted on the terms and subject to the conditions set forth in the Confidential Offering Memorandum, Offer to Exchange and Consent Solicitation Statement, dated as of May 12, 2020 (as supplemented by Supplement No. 1, dated as of May 29, 2020, the “Offering Memorandum” and, together with the accompanying letter of transmittal, the “Offer Documents”).
Read more…DSG – Closing Press Release FINAL
Sinclair Announces Closing Of Private Debt Exchange Offer Of Diamond Sports Group
RECENT NEWS RELEASES
- October 21, 2021
- Bally Sports Names Kendall Burgess Vice President Of Technical Operations
- Disabled American Veterans (DAV) and Sinclair Broadcast Group Launch Partnership Urging the Public to Support America’s Veterans
- October 18, 2021
- Sinclair Broadcast Group Provides Information On Cybersecurity Incident
- October 8, 2021
- Sinclair Broadcast Group Wins 5 PromaxBDA Local Station Promotion and Marketing Awards
- “Hope For Haywood” WLOS-TV In Asheville, NC Raises Over $1 Million To Help Local Victims Of Tropical Storm Fred
- September 23, 2021
- Major Broadcasters Launch NEXTGEN TV on Five Local Television Stations in St. Louis, MO
- September 21, 2021
- Sinclair to Report Third Quarter 2021 Results on November 3, 2021 at 7:30 a.m. (Eastern Time)
- September 20, 2021
- Sinclair Broadcast Group Raises Nearly $700,000 for Local Charities in Stations’ Back-to-School Drives
- September 14, 2021
- Major Broadcasters Launch Nextgen TV On Five Local Television Stations In Cincinnati, OH
- September 8, 2021
- NextGen’s Towering Promise (from the September/October 2021 issue of The Financial Manager magazine)