Sinclair to Seek Partial Amendment and Extension of STG Credit Facilities

Sinclair to Seek Partial Amendment and Extension of STG Credit Facilities

BALTIMORE (March 16, 2021) – Sinclair Broadcast Group, Inc. (“Sinclair” or the “Company”) (Nasdaq: SBGI) announced today that its wholly-owned subsidiary, Sinclair Television Group, Inc. (“STG”), intends to amend and extend the existing term loan B-1 tranche under its credit agreement, including the incurrence of new term loans in order to refinance such term loan B-1 tranche (which currently has a maturity date of January 3, 2024) with such new term loans which will provide for, among other things, a maturity date that is seven years after the effectiveness of such amendment.

STG – Spring 2021 Bank Refinancing – Press Release_FINAL

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