Sinclair Announces New Accounts Receivable Securitization Facility

Sinclair Announces New Accounts Receivable Securitization Facility

BALTIMORE (September 25, 2020) – Sinclair Broadcast Group, Inc. (NASDAQ: SBGI) (the “Company”) today announced that Diamond Sports Group, LLC’s (“DSG”) indirect subsidiary, Diamond Sports Finance SPV, LLC (“Diamond SPV”), has entered into a $250 million accounts receivable securitization facility. The facility has a term of three years and enables DSG to raise incremental, low cost funding by selling certain receivables on a revolving basis to Diamond SPV, which will in turn borrow money from third-party financial institutions.

Read more…SBGI – Accounts Receivable Securitization Facility Press Release

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