Sinclair Announces Partial Redemption of Diamond Sports Holdings Preferred Units
BALTIMORE (August 19, 2020) – Sinclair Broadcast Group, Inc. (“Sinclair” or the “Company”) (NASDAQ: SBGI) announced today that Diamond Sports Holdings LLC (“DSH”), an indirect subsidiary of the Company, has redeemed 350,000 of its Preferred Units (such units, the “Redeemed Preferred Units”) using cash dividends from DSH’s indirect subsidiary, Diamond Sports Group, LLC. In accordance with the terms of the Amended and Restated Limited Liability Company Agreement of Diamond Sports Holdings, the Redeemed Preferred Units were redeemed for an aggregate redemption price equal to $350,000,000, representing 100% of the unreturned capital contribution with respect to such Redeemed Preferred Units, plus $3,850,000 in accrued and unpaid dividends, with respect to such Redeemed Preferred Units up to, but not including, the redemption date, for a total redemption amount of $353,850,000. After giving effect to the partial redemption, 175,000 Preferred Units of Diamond Sports Holdings remain outstanding.
Read more…SBG – Diamond Preferred Redemption PR August 2020 Final
Sinclair Announces Partial Redemption of Diamond Sports Holdings Preferred Units
RECENT NEWS RELEASES
- June 30, 2022
- Sinclair Broadcast Group Wins 28 National Capital Chesapeake Bay Emmy Awards
- June 22, 2022
- Sinclair Broadcast Group Names Robert Croteau Vice President/General Manager of WRGB and WCWN in Albany, NY
- June 20, 2022
- Chris Daniels to Join Sinclair Broadcast Group’s “Spotlight on America” Investigative Team
- June 15, 2022
- COMET, CHARGE! and TBD Multicast Networks Secure Nationwide Affiliate Growth and Add New Series to Primetime and Late Night Schedules, Driving Strong Increases in Viewership
- Sinclair Names Adam Ware Senior Vice President, Growth Networks Group
- June 9, 2022
- Sinclair Elects Board And Ratifies Independent Auditor
- June 2, 2022
- Major Broadcasters Launch NextGen TV On Five Local Television Stations In Greenville, SC
- June 1, 2022
- Sinclair Broadcast Group and Feeding America® Launch Sinclair Cares: Summer Hunger Relief
- May 31, 2022
- Sinclair Broadcast Group Wins 22 RTDNA Regional Edward R. Murrow Awards
- May 25, 2022
- Sinclair Broadcast Group Wins Four Telly Awards