Sinclair Announces Final Settlement of Private Debt Exchange Offer of Diamond Sports Group

SINCLAIR ANNOUNCES FINAL SETTLEMENT OF PRIVATE DEBT EXCHANGE OFFER OF DIAMOND SPORTS GROUP

BALTIMORE (March 16, 2022) – Sinclair Broadcast Group, Inc. (“Sinclair” or the “Company”) (Nasdaq: SBGI) today announced that on March 15, 2022, the Company’s indirect subsidiaries, Diamond Sports Group, LLC (“Diamond Sports Group”) and Diamond Sports Finance Company (the “Co-Issuer,” and together with Diamond Sports Group, the “Issuers”), completed the final settlement of their previously announced private offer to exchange (the “Exchange Offer”) any and all of the Issuers’ outstanding 5.375% Senior Secured Second Lien Notes due 2026 (CUSIP / ISIN 25277LAF3 / US25277LAF31; U2527JAD7 / USU2527JAD73; 25277L AG1 / US25277LAG14) (the “Exchange Secured Second Lien Notes”) for any and all of the Issuers’ outstanding 5.375% Senior Secured Notes due 2026 (CUSIP / ISIN 25277LAA4 / US25277LAA44; U2527JAA3 / USU2527JAA35)  (the “Existing Secured Notes”).  The Exchange Offer and concurrent consent solicitation (the “Consent Solicitation”) 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 February 14, 2022 (as amended, supplemented or modified, the “Offer Documents”).

Read more…DSG – Press Release (Exchange Closing)_FINAL

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