SINCLAIR ANNOUNCES EXTENSION OF EARLY TENDER TIME FOR THE PRIVATE DEBT EXCHANGE OFFER AND CONSENT SOLICITATION OF DIAMOND SPORTS GROUP
BALTIMORE (May 27, 2020) –Sinclair Broadcast Group, Inc. (“Sinclair” or the “Company”) (Nasdaq: SBGI) today announced that its indirect subsidiaries, Diamond Sports Group, LLC and Diamond Sports Finance Company (together, the “Issuers”), have amended 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”) for newly issued 12.750% Senior Secured Notes due 2026 (the “New Secured Notes”) (CUSIP/ISIN 25277LAE6 / US25277LAE65; U2527JAC9 / USU2527JAC90) and a cash payment upon the terms and conditions set forth in the Confidential Offering Memorandum, Offer to Exchange and Consent Solicitation Statement, dated as of May 12, 2020 (the “Offering Memorandum” and, together with the accompanying letter of transmittal, the “Offer Documents”) to extend the early tender time through 5:00 p.m., New York City time, on June 1, 2020 (as extended hereby and subject to further extension, the “New Early Tender Time”).
Read more…Early Participation Press Release – Amendment to Terms
Sinclair Announces Extension Of Early Tender Time For The Private Debt Exchange Offer And Consent Solicitation Of Diamond Sports Group
RECENT NEWS RELEASES
- January 20, 2022
- ONE MEDIA Congratulates MPEG LA on the Formation of ATSC 3.0 Patent Pool
- January 19, 2022
- NewsON Launches on Samsung TV Platform, Amplifying Robust Product Portfolio
- January 18, 2022
- Sinclair Broadcast Group Announces Annual Diversity Scholarship Submission for 2022, Shaping the Future of Broadcasting
- January 13, 2022
- Diamond Sports Group Enters Into Agreement with Creditors on Liquidity Enhancing Transaction
- Sinclair Announces Renewal of its Extended Market and Digital Rights Agreement with the NBA
- Significant Emergency Information Research Study Released
- January 11, 2022
- Sinclair Announces Renewals of NBC and Fox Affiliation Agreements
- December 23, 2021
- Sinclair Broadcast Group Supports Local Charities in TV Stations’ Holiday Donation Drives
- December 21, 2021
- Sinclair Broadcast Group Raises Nearly $175K for American Red Cross Tornado Relief
- December 15, 2021
- Sinclair Broadcast Group Partners with the American Red Cross for Tornado Relief