Sinclair Announces Contingent Redemption of 6.125% Notes
BALTIMORE (November 12, 2019) – Sinclair Broadcast Group, Inc. (“Sinclair” or the “Company”) (Nasdaq: SBGI) announced that its wholly-owned subsidiary, Sinclair Television Group, Inc. (“STG”), has notified the trustee for its 6.125% Senior Notes due 2022 (CUSIP No. 829259AN0) (the “Notes”) that it intends to redeem, in full, STG’s outstanding $500 million aggregate principal amount of Notes on November 27, 2019 (the “Redemption Date”). The redemption of the Notes is contingent upon STG’s incurrence of new debt financing in the amount of at least $500 million (the “Financing”).
Read more…Sinclair – 6.125% Senior Notes due 2022 Redemption Press Release
Sinclair Announces Contingent Redemption of 6.125% Notes
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